India has more gold reserves than Saudi Arabia, UK; check full list
11 months ago

India has more gold reserves than Saudi Arabia, UK; check full list

Hindustan Times  

The United States has emerged as the country with largest gold reserves in the world, as estimated by the World Gold Council. India has gold reserves measuring 2,191.53 tonnes, valued at $ 131,795 million as per the WGC list The US has gold reserves measuring 8,133.46 tonnes as per the WGC list, valued at $489,133 million. India has gold reserves measuring 2,191.53 tonnes, valued at $ 131,795 million as per the WGC list. Check latest gold rates in India today According to a Reuters report, Russia has said it is looking into whether its frozen gold reserves, taken after Russia invaded Ukraine, could be used to fund the climate damage fund to help developing countries. Here is the list of top 10 countries with most gold reserves: S.NO COUNTRY GOLD RESERVES GOLD RESERVE 1.

India Russia Gold Saudi Arabia Countries List Value Tonnes Reserves Wgc Gold Reserves Gold Reserve  tonnes  arabia  reserves  saudi  uk  gold  check  united  india  russia  list  million  value  wgc  countries

History of this topic

India tops global gold purchases, adds 27 tonnes to the reserves
2 weeks, 4 days ago

India tops global gold purchases, adds 27 tonnes to the reserves

Live Mint  

Gold buying by central banks surged to 60 tonnes in October, mainly led by the Reserve Bank of India which added 27 tonnes of the precious metal to its reserves, the World Gold Council said on Thursday. India added 27 tonnes of gold in October, bringing its total gold purchases to 77 tonnes from January to October, according WGC data …

At 78 tonnes, RBI’s Gold Purchases till Oct Second Highest After 2009
2 weeks, 4 days ago

At 78 tonnes, RBI’s Gold Purchases till Oct Second Highest After 2009

Deccan Chronicle  

CHENNAI: The Reserve Bank of India added 27 tonnes of gold to its reserves in October, taking its total gold purchases year-to-date to 78 tonnes, the highest since it bought 200 tonnes from IMF in 2009. With the October purchase, RBI’s total gold reserves touched 882 tonnes. India bought gold in the month which saw prices trading around Rs 76,000 …

World's largest gold reserve worth $83 billion discovered in China
Trending News
3 weeks, 4 days ago

World's largest gold reserve worth $83 billion discovered in China

India Today  

A significant discovery of gold has been made in central China, with estimates suggesting a deposit of approximately 1,000 metric tons of high-quality ore. This find, reported by Chinese state media, is valued at around US$83 billion, potentially making it the largest gold reserve ever uncovered, surpassing the South Deep mine in South Africa, which holds about 900 metric tons. …

Gold glitter makes Indian households $400 billion richer in one year
3 weeks, 6 days ago

Gold glitter makes Indian households $400 billion richer in one year

Deccan Chronicle  

Chennai: With gold glittering as the best asset class in a world fraught with uncertainties, India emerged as one of the foremost beneficiaries to a stupendous rise in the yellow metal’s price in the last nine months. We have around 700 temples which own gold, including ones like Sri Padmanabhaswamy temple in Thiruvananthapuram, Tirupati Tirumala temple, Vaishno Devi temple and …

Here’s why gold is priced cheaper in India compared to Oman, UAE, Qatar and Singapore…
1 month ago

Here’s why gold is priced cheaper in India compared to Oman, UAE, Qatar and Singapore…

Live Mint  

While many prefer to buy gold and precious jewellery from duty-free shops in the Middle East, this time, maybe save the purse for a trip to a local shop. Gold prices in India are cheaper than costs in Oman, Singapore, the United Arab Emirates and Qatar, according to a report by Business Insider. In Qatar, gold costs surged by ₹ …

India Recovers 102 Tons of Gold from England, a Historic Move Amid Global Uncertainty
1 month, 3 weeks ago

India Recovers 102 Tons of Gold from England, a Historic Move Amid Global Uncertainty

Firstpost  

The Reserve Bank of India (RBI) has shifted 102 tonnes of its gold from the Bank of England to secure locations within the country. This comes months after bringing back 100 tonnes of the precious metal from the UK in May. The RBI's decision to bring back the gold is motivated by several factors, including economic growth, geopolitical stability, and …

Gold Rate Falls In India: Check 22 Carat Price In Your City On August 15
4 months, 1 week ago

Gold Rate Falls In India: Check 22 Carat Price In Your City On August 15

News 18  

Gold Rate Today In India: On August 15, gold prices in India remained close to Rs 70,000 per 10 grams. The rate for the highest purity, 24-carat gold, was Rs 71,500 per 10 grams. For those considering jewellery, 22-carat gold, known for its added durability due to a slight alloy mix, was priced at Rs 65,540 per 10 grams. Gold …

Gold Rate Today Rises In India: Check 22 Carat Price In Your City On August 14
4 months, 1 week ago

Gold Rate Today Rises In India: Check 22 Carat Price In Your City On August 14

News 18  

Gold Rate Today In India: On August 14, gold prices in India remained close to Rs 70,000 per 10 grams. The rate for the highest purity, 24-carat gold, was Rs 71,510 per 10 grams. For those considering jewellery, 22-carat gold, known for its added durability due to a slight alloy mix, was priced at Rs 65,550 per 10 grams. Gold …

India's Forex Reserves Hit All-Time High of $655.8 Billion, Gold Holdings Rise to $57 Billion: RBI Data
6 months, 1 week ago

India's Forex Reserves Hit All-Time High of $655.8 Billion, Gold Holdings Rise to $57 Billion: RBI Data

News 18  

India’s forex reserves jumped $4.307 billion to a new all-time high of $655.817 billion for the week ended June 7, according to the latest RBI data. Gold Reserves and Special Drawing Rights Gold reserves increased by $481 million to $56.982 billion during the week ended June 7. Foreign Currency Assets and IMF Reserve Position For the week ended June 7, …

Why RBI Stores Gold Reserves In Foreign Vaults? Why Is It Bringing Back Tonnes of Gold From UK?
6 months, 2 weeks ago

Why RBI Stores Gold Reserves In Foreign Vaults? Why Is It Bringing Back Tonnes of Gold From UK?

News 18  

The Reserve Bank of India has moved 100 metric tonnes of its gold reserves stored in the vaults in the UK to India in financial year 2023-24. The US’ gold holdings amount to 8,133.5 metric tonnes comprising 71.3% of its forex reserves. India’s gold holdings amount to 827.69 metric tonnes comprising 8.9% of its forex reserves. Like other countries, India …

Gold demand in India expected to be 700-800 tonnes in 2024: WGC India CEO Jain
6 months, 2 weeks ago

Gold demand in India expected to be 700-800 tonnes in 2024: WGC India CEO Jain

Live Mint  

NEW DELHI : Gold remains a favoured hedge, with demand not shrinking despite prices shooting up. The demand for gold in India in 2024 is likely to be similar to last year, Sachin Jain, the chief executive, World Gold Council, said in an interview. If there is more consistency in prices, we foresee the demand to touch around 800 tonnes," …

RBI brings back 100 tonnes of India's gold held in UK, more to follow: How domestic gold reserves shows a robust. confident economy
6 months, 3 weeks ago

RBI brings back 100 tonnes of India's gold held in UK, more to follow: How domestic gold reserves shows a robust. confident economy

Op India  

In a significant move, the Reserve Bank of India has brought back 100 tonnes of gold to its domestic vaults for the first time since early 1991. RBI bringing back chunks from its gold reserves in the Bank of England reflects India’s economic strength and confidence. In response to the devastating economic situation, the Chandra Shekhar government decided to pledge …

RBI shifts 100 tonnes of gold from UK to its vaults, a first since 1991
6 months, 3 weeks ago

RBI shifts 100 tonnes of gold from UK to its vaults, a first since 1991

Hindustan Times  

The Reserve Bank of India shifted over 100 tonnes of gold from the UK to its vaults in the country for the first time since 1991. As per RBI's annual data, the central held held 822.10 tonnes worth of gold as a part of its foreign exchange reserves as of March 31, 2024. Share of gold in India's total foreign …

Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI
7 months ago

Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI

India TV News  

The Reserve Bank of India in its latest release on Friday stated that the Indian foreign exchange reserve has risen to an all-time high $648.7 billion for the week ending May 17. Latest data breaches the highest ever record of April 5 Before three weeks of decline, the reserves had hit an all time high of USD 648.562 billion following …

RBI’s Gold Reserves At All Time High At 817 Tonnes
9 months ago

RBI’s Gold Reserves At All Time High At 817 Tonnes

Deccan Chronicle  

The RBI added 4.7 tonnes of gold in February, taking its gold reserves to an all-time high of 817 tonnes. The RBI had added nearly 9 tonnes in January, which was the first monthly increase in its gold reserves since October 2023 and the largest since July 2022. The Reserve Bank of India bought 77 tonnes of gold in 2021 …

Gold demand in India may hit 900 tonnes this year
10 months, 1 week ago

Gold demand in India may hit 900 tonnes this year

Live Mint  

The demand for gold in India, which has been in the range of 700-800 tonnes annually since 2019, is expected to increase to 800-900 tonnes in the calendar year 2024 on the back of robust economic growth and higher income, Somasundaram P.R., managing director at the World Gold Council, told Mint. However, a pick up in the purchase of gold …

World Of Statistics Reveals Names Of 10 Countries With Highest Gold Reserves; Know India’s Rank
1 year, 4 months ago

World Of Statistics Reveals Names Of 10 Countries With Highest Gold Reserves; Know India’s Rank

News 18  

Gold holds a universal allure as an asset, coveted by both common individuals and the affluent. Remarkably, a select group of ten countries lead the world in gold reserves, with India making its mark as both a consumer and a player on the global gold stage. Japan emerges in the eighth position, bolstered by its 846 metric tonnes of gold …

For Indians, historical returns, currency hedge argument make compelling case to keep their faith in gold
2 years ago

For Indians, historical returns, currency hedge argument make compelling case to keep their faith in gold

Firstpost  

In fact, gold in rupee terms has had a healthy return track record, given the consistent decline of the rupee against the dollar. And the Indian chart for 24-carat gold shows a very secular uptrend over the years, primarily for this reason In 2019, World Gold Council estimated that Indian households hold about 25,000 tonnes of gold in various forms. …

India ranks fourth in global gold recycling; recycled 75 tonnes in 2021: WGC
2 years, 6 months ago

India ranks fourth in global gold recycling; recycled 75 tonnes in 2021: WGC

The Hindu  

India has emerged as the fourth largest recycler in the world and the country has recycled 75 tonnes in 2021, according to a World Gold Council report. According to the WGC report titled ‘Gold refining and recycling’, China topped the global gold recycling chart as it recycled 168 tonnes of the yellow metal, followed by Italy in the second position …

Bihar government to allow exploration of India\'s \'largest\' gold reserve
2 years, 6 months ago

Bihar government to allow exploration of India\'s \'largest\' gold reserve

Deccan Chronicle  

Patna: The Bihar government has decided to accord permission for exploration of the "country's largest" gold reserve in Jamui district, a senior official said on Saturday. As per a Geological Survey of India survey, around 222.88 million tonnes of gold reserve, including 37.6 tonnes of mineral-rich ore, are present in Jamui district. In a written reply, he had said that …

India's gold output could rise multifold if hurdles removed, says WGC
2 years, 9 months ago

India's gold output could rise multifold if hurdles removed, says WGC

The Hindu  

India's annual gold production could surge to 20 tonnes from a mere 1.6 tonnes if the government removes bureaucratic hurdles and encourages investment in the sector, the World Gold Council said in a report published on Thursday. But change is needed for this to happen, legacy hurdles must be reduced considerably, and investments encouraged," said Somasundaram P.R., regional chief executive …

RBI’s 77 tonne gold buy is 2nd highest
2 years, 10 months ago

RBI’s 77 tonne gold buy is 2nd highest

Deccan Chronicle  

Chennai: The Reserve Bank of India bought 77 tonnes of gold in 2021 and this was the highest addition since 2009 when India bought 200 ton-nes from the International Monetary Fund, said the World Gold Council. In 2021, central banks accumulated 463 tonnes of gold and this was 82 per cent higher than 255 tonnes purchased in 2020. According to …

Believe it or not! Bihar has country's largest deposit of Gold ore
3 years, 4 months ago

Believe it or not! Bihar has country's largest deposit of Gold ore

India TV News  

Believe it or not, but one of the country's poorest state, Bihar, is the goldmine of the nation, literally, holding country's largest resource gold ore, more than traditional leaders. The National Mineral Inventory data on gold resource in the country, presented in Parliament shows that Bihar has gold ore resource of a staggering 222.8 million tonne, or 42.21 per cent …

India's Forex Reserves Increase by $689 Million to $584.55 Billion
3 years, 9 months ago

India's Forex Reserves Increase by $689 Million to $584.55 Billion

News 18  

India’s forex reserves increased for the second consecutive week, touching USD 584.554 billion as of February 26, up by USD 689 million, the Reserve Bank said on Friday. The overall reserves had increased by USD 169 million to USD 583.865 billion in the previous reporting week. For the week ended February 26, the core currency assets the largest component of …

US govt holds most gold. The second-biggest holder: ETFs
4 years, 4 months ago

US govt holds most gold. The second-biggest holder: ETFs

Live Mint  

The safe-haven demand for gold has triggered a strong inflow into gold-backed ETFs this year. Worldwide holdings in gold-backed exchange-traded funds now stand behind only the official US reserves of bullion after they surpassed Germany’s holdings, according to Bloomberg. Worldwide holdings in gold-backed ETFs rose to 3,365.6 tons on Monday, up 30.5% this year, according to preliminary data compiled by …

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