By PIA CHAUHAN
Nearly a quarterof central banks are looking toincrease gold reserves this year, spurred on by geopolitical worries, interest rate concerns and rising inflation pressures.
Gold Reserves
MCX Gold Silver Trading Tips Rocking High 31408 – Advance Buy Call Hit – Rona Mana Hai
डब्ल्यूजीसी (WGC) के मार्केट इंटेलिजेंस के प्रमुख एलिस्टेयर हेविट के अनुसार कई देशों के सेंट्रल बैंकों की तरफ से गोल्ड की भारी डिमांड (gold demand) है। इनका मानना है कि चालू वित्तीय वर्ष में कई देशों की तरफ से गोल्ड की मांग (gold demand) बनी रहेगी।
World’s Central Banks Want More Gold – Gold Silver Reports
India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves.
Why Central Bank Buying Has the Gold Market Guessing
The gold market was caught by surprise when two of eastern Europe’s biggest economies, Poland and Hungary, made rare purchases in recent months. Why central banks buy gold is often a major topic of market speculation. Were Poland and Hungary signaling worries about economic conditions? Were they cutting exposure to the dollar? Or maybe hedging against potential European Union sanctions?
Central Banks to Increase Gold Buying for First Time Since 2013
Central banks are set to increase their purchases of gold in 2018 for the first time in five years as eastern European and Asian countries seek to diversify their reserves.
RBI Buys 8.46 Tonne of Gold in FY18, 1st Purchase in 9 Years
Gold Silver Reports (GSR) — The Reserve Bank of India (RBI) Held 566.23 tonne of gold as on 30 June 2018, compared with 557.77 tonne as on 30 June 2017, according to RBI’s latest annual report for 2017-18.
India’s Forex Reserves Up by $879.5 Million to $413 Billion
Gold Silver Reports (GSR) – India’s Forex Reserves Up by $879.5 Million to $413 Billion — In the previous week, the reserves had declined by $593.7 million to $412.230 billion. The reserves had touched a record high of $426.028 billion in the week to 13 April, 2018. India’s foreign exchange reserves increased by $879.5 million to $413.109 billion in the week to 8 June, helped by rise in foreign currency assets, the Reserve Bank data showed on Friday.