Mumbai: – The country’s foreign reserves increased by $3.07 billion in one week, reaching $608.08 billion. Currently, India is among the top four nations in respect of foreign reserves. India and Russia stand joint fourth on the list. In the week ending 11th June, the foreign reserves crossed $608 billion. In the week ending 4th […]
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Moscow : The ‘National Wealth Fund’ (NWF), created from the Russian federal budget assets, has received a go-ahead to invest in gold. Russian Prime Minister, Mikhail Mishustin, issued the order to this effect. The NWF has been created to make up the budget deficit in case of an economic crisis and other related necessary measures. […]
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New Delhi/Mumbai: – There was an addition of nearly $3.5 billion to the Indian foreign exchange reserves, in a matter of only a week, taking it to a record $555 billion. There has been an increase of a whopping $80 billion, even during the times of Coronavirus crisis, and the annualised increase is $115 billion. […]
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New Delhi: The Indian Foreign Exchange (Forex) reserves have increased to cross the USD 500 billion mark. This takes India to the fifth spot in the list of countries with the highest forex reserves. The economists are looking at the increased forex reserves as an excellent sign. As per the economists, forex reserves have increased […]
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London/New York: New cases of Coronavirus have been reported from China and South Korea, who had claimed complete victory over Coronavirus. The fear of the second wave of Coronavirus hitting the world has become stronger with the revelation, and the repercussion of this was seen in the global economy. Gold rates spurted once again to […]
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London: The gold bonds are observed to be in great demand, against the background of the warnings issued regarding the impending global recession. As per a report published by the international group, World Gold Council, the investments in ETFs (Exchange Traded Funds), backed by gold, have registered an increase in investment by a whopping 426%. […]
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Warsaw/London: Poland, an important country and a leading economy in Europe, repatriated 100 tonnes of gold. The Polish central bank, ‘National Bank of Poland’ informed that this step has been taken to increase the capacity of the national economy. But the analysts have claimed that the crucial factors behind this repatriation are the uncertainty in […]
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Belgrade: Against the background of uncertainty over the Brexit issue in Europe and the shadows of recession created by the trade war, Serbia has bought a whopping 9 tonnes of Gold, in October. Such a colossal Gold purchase, by a small country in eastern Europe, in a single month, attracts attention. Before Serbia, European countries […]
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London/Moscow: Many groups, including the ‘World Gold Council’ had reported an increase in the Gold purchase, by the central banks of the leading economies of the world, over the last few years. Analysts and economists have claimed that the trend in the Gold purchase will continue because of the increasing tensions at the international level, […]
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Beijing: While the indications of the trade war between the United States and China have been flaring up further, China has aggressively started augmenting its Gold reserves. Since December last year, China has been on a gold buying spree and over just six months, has purchased a whopping 74 tonnes of gold. This Chinese purchase, […]
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