Central banks globally, including India, are increasing gold reserves to diversify holdings and hedge against economic uncertainties. From 2009 to 2024, collective gold holdings grew significantly, with Russia, Egypt, and Argentina leading in expanding gold’s proportion within their foreign exchange reserves.Big jump in gold reserves! Not just India’s RBI, central banks around the world are stocking up on gold – here’s why
Central banks globally, including India, are increasing gold reserves to diversify holdings and hedge against economic uncertainties. From 2009 to 2024, collective gold holdings grew significantly, with Russia, Egypt, and Argentina leading in expanding gold’s proportion within their foreign exchange reserves.