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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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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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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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: Challenging the financial domination of the United States, Russia has started purchasing gold more aggressively. In March, the Russian central bank had reportedly purchased over 18 tonnes of gold. With the purchase, the Russian foreign exchange reserves have climbed to a whopping $487 billion while the gold reserves surged by a record 18%. A […]
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New York/London: International analysts have predicted that the uncertainty at the economic level and the heavy purchasing of Gold by the Central banks of various countries, will make the Gold rates jump to a whopping $1,400 per ounce. (1 Ounce = 28.5 Grams). Martin Huxley of INTL FCStone group claimed that the policy of the […]
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Moscow/Beijing: Russia and China, two of the leading economies of the world have increased their purchase of gold. In February, Russia purchased a whopping 31 tonnes of gold taking its gold reserves to 2,149 tonnes. At the same time, the Chinese central bank has been revealed to have bought gold for four successive months, to […]
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Moscow/Washington: The chief of the Russian stock market has asserted that Russia can offer investment in the Russian Gold as an excellent alternative for those investing in the US dollar. Only a few days ago, it was reported that Russia had taken its Gold stocks to 2,100 tonnes valued at $87 billion in the foreign […]
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