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India adds five tons of gold in its reserves in March

The Sunday Guardian

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May 05, 2024

The Reserve Bank of India added 5 tons of Gold to its reserves during March. The gold reserves of the central banks worldwide reported a net increase in their gold reserves.

- NIVEDITA MUKHERJEE

India adds five tons of gold in its reserves in March

According to data from the World Gold Council, the total net buying of gold amounted to 16 tons during the month. The demand for gold remained robust, with monthly gross purchases staying steady at 40 tons. However, this was partly offset by gross sales of 25 tons.

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