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THE 'HEAVY METAL' WITH A MIDAS TOUCH

Fortune India

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December 2025

WHAT WAS TRADITIONALLY SEEN as a hedge against inflation is now a strategic forex reserve asset for central banks worldwide, including the U.S. Federal Reserve.

- V. Keshavdev

THE 'HEAVY METAL' WITH A MIDAS TOUCH

With collective holdings crossing over 36,000 tonnes, the Top 10 owners include the U.S., Germany, Italy, France, Russia,

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