Tokyo / Washington – The world’s central banks have increased gold purchases in the face of declining dollar value in the global economy, rising inflation and the corona crisis. This year, various central banks worldwide added more than 400 tonnes of gold to their reserves. These include Thailand, Brazil, India, Singapore, Uzbekistan and Hungary. Thailand’s […]
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Moscow: While gold rates are crossing the level of USD 1,800 per ounce in the international market, Russia has made major additions to its gold reserves. The Russian gold reserves have reached 2,300 tonnes, valued at USD 130 billion. The Russian foreign exchange reserves also have reached near USD 570 billion. The United States and […]
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Beijing: – It is claimed that 83 tonnes of gold, amounting to 4% of gold in the Chinese reserves, is fake. Wuhan Kingold Jewellery Inc., a leading company in the gold market, having links with the Chinese military, had borrowed USD 2.8 billion against this fake gold. The gold deposited by this company as collateral with the […]
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Moscow: Russian Finance Minister Anton Siluanov claimed that Russia could maintain its economic progress on the strength of its gold reserves, despite any slump in the oil prices, on the international level. Russia has a gold reserve of more than 2200 tonnes valued at USD 108 billion. At the same time, Russia has added to […]
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Belgrade/Manila: Amid warnings of a slowdown in the global economy, a few of the smaller countries have been observed to be focusing on investment in Gold, as a security measure. Serbia, a state in Europe, has planned to take its Gold reserves to 50 tonnes whereas, the Philippines has approved legislation to encourage the country’s […]
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Moscow: Russia faced with sanctions from the United States and European countries, has performed a Golden Task in the last year. The Russian Gold reserves have reached a record 2,100 tonnes, and the valuation of this Gold reserve stands at a whopping $87 billion. Russia has reached the fifth place at the international level, surpassing […]
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Washington: While Russia, Turkey and the European countries are increasing their Gold reserves, the silence maintained by China about its Gold reserves seems to be suspicious, as per claims. Over the last two years, China has not declared the status of its Gold reserves. At the same time, a Goldmine having the largest Gold reserves […]
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Cape Town: ‘Gold Reserves in the world are now depleting and there is no alternative available,’ warned Nick Holland, the CEO of Gold Fields, the Gold mining company from South Africa. The demand for gold is increasing because of the instability and uncertainty prevailing at the global level. In this scenario, the warning by Holland […]
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Beijing: China’s central Bank informed that in the last three years, China had added 32 tons of gold to its reserve stocks. According to a statement released by the People’s Bank of China (PBC), there were 1,980 tonnes of gold in China’s reserve stocks at the end of November 2022. Last month, a leading website […]
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