Team Blitz India
NEW DELHI: The Reserve Bank of India (RBI) stood out with its continued accumulation of gold reserves. Weekly data from the RBI revealed a 6-tonne increase in gold holdings in February alone.
This brings the total year-to-date buying by the RBI to over 13 tonnes, with total gold reserves now reaching 817 tonnes.
While India remains a significant player in the global gold market, other central banks also contributed to the accumulation in February.
Central banks around the globe continued their steady accumulation of gold reserves, albeit at a slower pace compared to the previous month, in February.
This trend has been predominantly driven by emerging market banks, particularly those of India and China, as reported by the World Gold Council.According to a report Published in the World Gold Council by Senior Analyst, EMEA World Gold Council, Krishna Gopal, global central banks increased their gold reserves by a net of 19 tonnes in February.
