RBI’s gold reserves jump nearly Rs 12,000 crore in a week
[ad_1] Representative image (Picture credit: ANI) India’s central bank saw a sharp jump in the value of its gold reserves during the week ending April 11, driven by a global rally in gold prices amid heightened geopolitical and economic uncertainty.According to data released by the Reserve Bank of India (RBI) on Friday, the value of its gold holdings surged by Rs 11,986 crore in just one week. With this increase, the total value of RBI’s gold reserves has risen to Rs 6,88,496 crore, reported ANI.This sharp increase also reflects a broader trend over the past year. The RBI’s gold holdings have nearly tripled in value during this period, underlining a significant rise in gold purchases by the central bank. This comes at a time when central banks worldwide are stepping up their gold accumulation to hedge against global risks.Gold continues […]