Suspense Crime Sach Ka Dam
The Reserve Bank of India (RBI) has added 27 tonnes of gold to its reserves in October. The World Gold Council (WGC) gave this information on Thursday. The WGC has said that gold purchases by central banks have increased to 60 tonnes in October. According to PTI news, according to WGC data based on monthly data from the International Monetary Fund (IMF), total gold purchases from January to October rose to 77 tonnes. The WGC said that this purchase by the RBI represents a five-fold increase compared to the same period of 2023.
India’s total gold reserves are now 882 tonnes
According to the news, with this new purchase of gold in October, India’s total gold reserves have now reached 882 tonnes, out of which 510 tonnes are in India. The WGC further said that emerging market central banks continue to dominate the market, with Turkey and Poland adding 72 tonnes and 69 tonnes respectively to their gold reserves from January-October 2024. These three central banks alone accounted for 60 percent of the total global net purchases reported this year.
Record made after December 2023
According to the latest data, the Central Bank of the Republic of Turkey added 17 tonnes, making October its 17th consecutive month of net purchases and the highest monthly figure on record since December 2023. The October figures surpassed the quarterly totals for the April-June and July-September quarters. The National Bank of Poland recorded net purchases of 8 tonnes during October, marking its seventh consecutive month of net purchases. The National Bank of Kazakhstan added 5 tonnes of gold to its reserves after five months of net sales, however, the country remains a net seller.
These countries added so much gold
.The Czech National Bank (CNB) added 2 tonnes of gold, making October its 20th consecutive month of net purchases. The CNB has accumulated 37 tonnes of gold during this period, bringing its total gold reserves to 49 tonnes. Kyrgyzstan added 2 tonnes of gold to its reserves, bringing its year-to-date purchases close to 6 tonnes and recording the highest monthly net purchase in October on record since September 2023. Data provided by the Bank of Ghana, which bought 1 ton of gold in October, showed that its gold reserves now stand at 28 tonnes.
