gold reserves News

India's Forex Reserves Experience Record Surge: A $15.26 Billion Leap in Two Years

India's foreign exchange reserves surged by USD 15.26 billion, the largest increase in over two years, reaching USD 653.966 billion. This significant boost is attributed to a USD 1...

India's Forex Reserves Hit 11-Month Low: A $639 Billion Wake-Up Call

India's foreign exchange reserves have decreased to $639 billion, marking an 11-month low. The RBI's intervention to stabilize the Rupee and the composition of the reserves are key...

India's Forex Reserves Witness a Sharp Decline: A $1.8 Billion Drop to $639 Billion

India's forex reserves decreased by $1.8 billion to $638.7 billion as of February 28, with foreign currency assets and gold reserves seeing significant reductions. The SDRs, howeve...

India's Forex Reserves Skyrocket: A $7 Billion Leap to Surpass $638 Billion Milestone

India's foreign exchange reserves have seen a significant increase of $7.654 billion, reaching $638.261 billion by February 7. This marks the third consecutive week of growth, driv...

India's Forex Reserves Dip to $625 Billion: A 10-Month Low Amidst Rupee Volatility

India's foreign exchange reserves have declined to a ten-month low of $625.87 billion, influenced by the RBI's intervention to stabilize the rupee. Despite the drop, reserves remai...

India Climbs to Second Place in Global Gold Purchases, Adds 8 Tons to Reserves

India has become the second-largest global gold buyer, adding 8 tons to its reserves in November 2024, as per the World Gold Council. This move, part of a global trend among centra...

China Discovers Massive $83B Gold Reserves in Hunan Province

China has discovered massive gold reserves worth $83 billion in Hunan province, with over 1,000 tons of gold resources forecasted at depths exceeding 3,000 meters. This discovery c...