The Reserve bank of India, the central bank of India, bought eight tonnes of gold in november and thus continued to add to its gold reserves in the year 2024. Overall, RBI has bought 73 tonnes of gold during january 2024 to november 2024. In this way, RBI has gone to the second place in terms of gold purchase in the world. In this episode, RBI's total gold holdings are expected to increase to 876 tonnes by november 2024.
Know which countries are ahead in terms of gold reserves in the world-
The National bank of poland (NBP) is at the first place in terms of gold reserves worldwide. According to the World gold Council, the National bank of poland (NBP) bought 21 tonnes of gold in november, after which its total gold purchases during January-November have increased to 90 tonnes. Also, its total reserve will remain at 448 tonnes, which is 18 percent of its total reserve.
China's bank resumed gold purchases
The People's bank of china has resumed gold purchases after six months and this Chinese bank has added 6 tonnes to its reserves. By november, it bought a total of 34 tonnes of gold, after which its total gold reserve has increased to 2264 tonnes and this is about 5 percent of China's total reserve.
gold reserves of the Central bank of Uzbekistan
The Central bank of uzbekistan also bought gold after 3 months and under this, it has purchased 9 tonnes of gold in november 2024. In this way, by november 2024, its total gold purchase has gone up to 11 tonnes and its total holdings are 382 tonnes.
gold purchase by National bank of Kazakhstan
The National bank of kazakhstan bought 5 tonnes of gold in november and after this the total holdings of this country have increased to 295 tonnes. If we look at other banks, the Central bank of turkey bought 3 tonnes of gold and the Czech National bank (Central bank of the Czech Republic) has bought 2 tonnes of gold.
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