MUMBAI: Central banks around the world collectively, in November 2024, added 53 tonnes of gold to their reserves, of which the Reserve Bank of India's addition was 8 tonnes, the World Gold Council (WGC) said in a report on Monday.
In 2024, central banks mostly those from emerging markets - remained keen buyers of gold, driven by the need for a stable and secure asset amid global economic uncertainties.
Assessing the final act of 2024, central banks around the world continued to play a leading role in the demand for gold. November represented another solid month of gold buying as central banks collectively added a net 53 tonnes to global official holdings," WGC said in a report - Central bank gold statistics November 2024.
The gold price dip in November, following the US election, may have provided some central banks with added impetus to accumulate, WGC said.
WGC further noted that the Reserve Bank of India (RBI) continued with its 2024 buying streak, adding a further 8 tonnes to its gold reserves in November.
Bu hikaye Millennium Post Kolkata dergisinin January 07, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Millennium Post Kolkata dergisinin January 07, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
IIT Madras Launches Asia's Largest Shallow Wave Basin Research Facility
IIT Madras has launched Asia's largest shallow wave basin research facility that can cater to Indian research and industry requirements.
India, US Working Together to Build Next Generation of Semiconductors
Says Jake Sullivan, USA's National Security Advisor, at IIT Delhi
India's Semiconductor Boom to Create More Tech Opportunities
Data science, analytics, hardware and software design are some critical skills students will need to master
JIS Student's Hi-Tech Hat Blends Sustainability & Innovation
Dhruba Shil, a fourth-year student from the Electrical Engineering Department of JIS College of Engineering, has captured attention with an invention that merges eco-conscious design with cutting-edge technology.
Yash Drops a Wild 'Birthday Peek' From 'Toxic'
In the video, he's impeccably dressed in a crisp white suit, fedora and holding a cigar
Don't like words like legacy and milestone
Hrithik expressed gratitude to the media and fans for their unending love and support
2026 WC last for Deschamps?
His 7th goal in last 5 games
Jacob in talks to replace Paul in 'The Dog Stars'
Mescal recently starred in 'Gladiator' sequel
After Australia debacle, Agarkar to hold meeting?
ROHIT, KOHLI'S FUTURE HANGS IN BALANCE
Britney Spears will be very involved in her biopic: Jon M Chu
‘Wicked’ filmmaker Jon M Chu, who is set to direct a biopic on pop star Britney Spears, said the singer will be an integral part of the upcoming film.
