- The Reserve Bank of India is reportedly looking to increase the
gold reserves of the country to 10%, according to a media report. - India has gold reserves worth $33.9 billion as of June.
- Here’s a list of countries with the highest gold reserve as of August 2020, $4 from the International Monetary Fund and the World Gold Council.
The Reserve Bank of India is reportedly looking to increase the gold reserves of the country to 10%, $4. Rising gold reserves will $4 in case the economic crisis worsens in the near future.
The RBI is likely to prepare a roadmap and will discuss it further in October. “One of the RBI board members raised the issue on the need to diversify towards gold and less of US securities,” $4
Here’s a list of countries with the highest gold reserve as of August 2020, $4 from the International Monetary Fund and the World Gold Council.
China has been reportedly increasing its gold reserves too.
Gold has been among the best performing asset classes this year. It had hit a high of above $2000 an ounce earlier this month.
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