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What is India about?

In 2024, central banks globally increased their gold reserves, with the United States and India among the top holders. The Reserve Bank of India (RBI) purchased 8.4 tonnes in November, totaling 72.6 tonnes for the year, making it the third-largest buyer. This trend reflects a strategy to diversify foreign currency assets and mitigate risks associated with inflation and currency volatility.

Author

Shikhar Parekh

Language

EN