RBI gold purchases - Wander City

‘We have seen it before…Gold is going to shine’: Why Anil Agarwal wants India to produce more gold – The Times of India

alishpagda08@gmail.com3 months ago04 mins

Anil Agarwal is confident about gold’s trajectory, citing predictions of prices surpassing $3,000 per ounce amidst global economic instability. US President Donald Trump wants America to ‘Drill baby, drill’ for oil. In India Vedanta chairman Anil Agarwal has echoed a similar sentiment – but for gold! In a recent post on X (formerly Twitter), Anil…

How RBI’s gold buying is helping shore up India’s foreign exchange reserves – Times of India

alishpagda08@gmail.com7 months ago04 mins

The RBI maintains that its gold reserves serve primarily to diversify its foreign currency assets portfolio. (AI image) The RBI’s strategic gold buying has bolstered India’s foreign exchange reserves, offsetting the significant outflow of foreign portfolio investments that resulted in a $47 billion reduction in reserves over a five-week period.Since December 2017, the RBI has…