Section

RBI's investment in gold rises faster than in securities

By Economic Times - 3 weeks ago
The Reserve Bank of India has significantly increased its gold holdings, reflecting a preference for safe haven assets amid global economic volatility. While the value of gold increased by $20 billion by August 2024, investments in US treasury securities rose by $11 billion. Central banks, including India's, are focusing on gold for safety and liquidity.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.