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Central banks worldwide increased their gold acquisitions during the third quarter of this year, with a net addition of 220 tonnes. (AI image) Betting big on gold as a reserve asset, central banks around the world have ramped up their gold reserves in the third quarter of the ongoing calendar year 2025. Gold is traditionally…
India’s gold demand fell 16% year-on-year in the July–September quarter of 2025, as record-high prices curbed jewellery purchases even as investment buying surged, the World Gold Council (WGC) said on Thursday.Total gold demand declined to 209.4 tonnes in the third quarter, compared with 248.3 tonnes in the same period last year. However, the value of…
India’s foreign exchange reserves rose by $4.496 billion, reaching $702.28 billion for the week ending October 17, majorly driven by an increase in the value of gold reserves, the Reserve Bank of India said Friday.Last week, the overall reserves had increased by $2.176 billion to $697.784 billion, reported PTI.Foreign currency assets (FCA), the largest part…
Silver outshone gold this Dhanteras, with consumer demand for the white metal soaring despite record-high prices. As per news agency PTI, silver coin sales surged 35–40 per cent year-on-year, with overall value more than doubling, even as the All India Gem and Jewellery Domestic Council (GJC) projected a 15 per cent dip in gold volumes…
Gold and silver purchases began on a positive note on Saturday as the two-day Dhanteras festival kicked off, with jewellers anticipating a strong turnout both online and in stores despite record-high prices possibly cutting sales volumes by up to 15% compared with last year.Dhanteras, considered the most auspicious day in the Hindu calendar for buying…
The proportion of gold within India’s foreign exchange reserves has seen a significant rise in the last ten years. (AI image) Gold’s record rally has helped India’s gold reserves value cross the $100 billion mark for the first time ever. The Reserve Bank of India‘s (RBI) latest foreign exchange reserves data reveals that India’s gold…
Data from the World Gold Council revealed that global central banks made net additions of 15 tonnes to their gold reserves in August. (AI image) Gold prices are hitting new lifetime highs every week, but the rally is not deterring central banks around the world from stacking up gold to diversify foreign exchange reserves away…
