India and China added 60 percent of global central bank gold purchase in March

May 04, 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...

Reserve Bank bars IIFL Finance from sanctioning new gold loans

Mar 04, 2024

The Reserve Bank of India has directed IIFL Finance Ltd. (the company) to stop sanctioning or disbursing gold loans or assigning, securitising, or selling...

India's Reserve Bank leads surge in gold reserves amid global central bank slowdown

Apr 06, 2024

India's consistent efforts to bolster its gold reserves reflect a strategy aimed at diversifying its foreign exchange reserves and mitigating risks associated with currency...

Amid global economic crisis, RBI hikes its gold reserve to 855 metric tonnes

Oct 30, 2024

Amid the ongoing global crisis India's total gold reserves held by the Reserve Bank of India (RBI) stand at 854.73 metric tonnes, according to...

Zimbabwean central bank introduces gold coins as store of value

Jun 27, 2022

Harare [Zimbabwe], June 27 (ANI/Xinhua): The Reserve Bank of Zimbabwe (RBZ) on Monday announced the introduction of gold coins into the market as a...

India's forex reserves rise by USD 1.657 bn, reach 9-month high

Apr 22, 2023

According to the weekly statistical supplement of Reserve Bank of India released on Friday evening, gold reserves of the country declined by USD 521...