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RBI adds eight tonnes gold to its reserves in November 2024: World Gold Council

  • The Reserve Bank of India added eight tonnes of gold to its reserves in November 2024, as reported by the World Gold Council on January 6, 2025.
  • Central banks worldwide collectively purchased 53 tonnes of gold in November, with the RBI being the second largest buyer in 2024, purchasing a total of 73 tonnes year-to-date.
  • The People's Bank of China resumed gold purchases after a six-month hiatus, adding five tonnes in November, raising its total reported gold holdings to 2,264 tonnes.
  • The RBI's total gold reserves now stand at 890 tonnes, with over half held overseas, and the shift of 100 metric tonnes from the UK is expected to save on vault fees.
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