Why is the Reserve Bank piling up tonnes of gold?
- Posted on February 10, 2025
- By Business News Today
- 2 Views
Why is the Reserve Bank piling up tonnes of gold?
Gold prices have surged over 10% in early 2025, driven by safe-haven demand amid global trade war fears following new US tariffs. The Reserve Bank of India has increased gold purchases to diversify reserves and mitigate currency volatility risks, aligning with trends seen in other central banks worldwide.
