RBI added 8 tonnes gold to its reserves in November 2024: WGC report

Q: How long will it take to read this news story?

The story "RBI added 8 tonnes gold to its reserves in November 2024: WGC report" has 690 words across 22 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "RBI added 8 tonnes gold to its reserves in November 2024: WGC report" was covered 2 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 335 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24916184</li><li>URL: https://beamstart.com/news/rbi-added-8-tonnes-gold-17361704918506</li></ul>

Business Standard Logo Business Standard 2d ago

RBI added 8 tonnes gold to its reserves in November 2024: WGC report - Business Standard

Quick Summary:

Central banks around the world collectively, in November 2024, added 53 tonnes of gold to their reserves, of which the Reserve Bank of India's addition was 8 tonnes, the World Gold Council (WGC) said in a report on Monday.

November represented another solid month of gold buying as central banks collectively added a net 53 tonnes to global official holdings," WGC said in a report - Central bank gold statistics November 2024.

In 2024, central banks - mostly those from emerging markets - remained keen buyers of gold, driven by the need for a stable and secure asset amid global economic uncertainties.