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RBI adds 27 tn gold in Oct, 50% of central banks' buying
The New Indian Express Vellore
|December 08, 2024
THE Reserve Bank has bought 48% of all the gold that the central banks bought in October, adding a whopping 27 tonne to its home reserves, taking the total tonnage to 882.
Gold buying by all central banks totalled only 60 tonne in October, shows the latest data from the World Gold Council (WGC).
The RBI has purchased as much as 77 tonne of gold between January and October, according to the data, based on the reported monthly numbers from the International Monetary Fund (IMF).
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