Central Banks tank up gold reserves
In the first six months of 2023, Central Banks bought 387 tonne of gold -- the highest purchase in the first half of a year since 2000
In the first six months of 2023, Central Banks bought 387 tonne of gold -- the highest purchase in the first half of a year since 2000
Despite a high current account deficit, Turkish Central Bank emerged as the largest buyer of gold amongst its peers in three out of the last four years
Two consecutive quarters of low gold purchases by the Indian central bank hints it is cooling-off on gold of late
Central Banks globally have accumulated gold reserves this year at a pace not seen since 1967.
India’s forex reserves continue to decline with the RBI deploying the kitty to defend the rupee amid pressures caused majorly by global developments.