World Gold Council report: RBI ranks 6th in buying gold abroad

19-Jan-2020
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The World Gold Council (WGC) recently released its report, “World Gold Outlook 2020”. The report says that gold has performed the best since 2010 in 2019.
In 2019, the gold trade in USD has increased by 18.4% as compared to 2010.

Highlights: India

According to the WGC, RBI (Reserve Bank of India) currently holds 625.2 tonnes of gold. This is 6.6% of the country’s foreign exchange. With this, India ranks sixth in the world among other central banks.

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