India Surpasses 882 Tonnes in Gold Reserves: RBI Leads Global Purchases in 2024
| Key Points | Details |
|---|---|
| Why in News | RBI added 27 tonnes of gold in October 2024, increasing India's total reserves to 882 tonnes. |
| India's Gold Holdings | Total reserves: 882 tonnes, with 510 tonnes held domestically. |
| Gold Purchases (Jan-Oct 2024) | RBI bought 77 tonnes, a five-fold increase compared to the same period in 2023. |
| Global Gold Purchases (October 2024) | Central banks globally bought 60 tonnes of gold; India led with 27 tonnes (45%). |
| Top Gold Buyers (Jan-Oct 2024) | - India: 77 tonnes- Turkey: 72 tonnes- Poland: 69 tonnes |
| Emerging Markets' Dominance | Accounted for 60% of global net purchases in 2024. |
| Notable Additions by Other Nations | - Turkey: Added 17 tonnes in October, totaling 72 tonnes for 2024.- Poland: Added 8 tonnes, aiming for 20% gold allocation.- Kazakhstan: Added 5 tonnes, remains a net seller.- Czech Republic: Added 2 tonnes, totaling 49 tonnes.- Ghana: Added 1 tonne, increasing reserves to 28 tonnes. |