gold reserves News

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...