Gold Reserve

The Reserve Bank of India transferred 100 metric tonnes of gold from the United Kingdom to domestic vaults in FY24, making it one of the largest gold movements since 1991, according to reports.

India has moved 100 metric tonnes of its gold stored in the UK to domestic vaults in FY24, sources said today.

Reserve Bank Governor Shaktikanta Das today said India has been building up gold reserves as part of its forex deployment.

Gold prices climbed to a record high on Thursday, as the U.S. dollar and bond yields ticked lower after the Federal Reserve maintained its projection of three rate cuts for this year.

The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.

Despite being officially abandoned in the 1970s, many countries still maintain gold reserves and now the demand for these reserves is rising due to growing economic uncertainty.

In the previous reporting week, the overall reserves had dropped by USD 7.273 billion to USD 594.888 billion.

Jewellers in India have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs 2,000 notes from circulation.

The New York State regulators have floated a proposal to let the residents pay and settle bail bonds in the form of stablecoins. By making bail bold payments acceptable as stablecoins, New York will be able to record all the sensitive information permanently and unchangeably on the blockchain network of choice. Pegged to reserve assets like gold or...

Gold prices advanced on Thursday, as the dollar slipped after the U.S. Federal Reserve hinted it was nearing a pause in its rate-hike cycle, making the safe-haven asset a more attractive bet.

Gold prices traded in a narrow range on Wednesday as some investors stayed on the sidelines ahead of the U.S. Federal Reserve's interest rate decision and policy outlook.

Gold prices edged higher on Tuesday, with investors looking forward to the Federal Reserve policy meeting as expectations grew that the U.S. central bank would slow its monetary policy tightening given the upheaval in the banking sector.

Gold prices rose marginally todayas investors awaited Congressional testimony by USFederal Reserve Chair Jerome Powell and monthly jobs data, both of which could influence the interest rate policy.

The famed Guruvaur Sree Krishna Temple in this central Kerala district, which recently revealed details of bank deposits to the tune of over Rs 1,700 crore, has declared that it also has over 260 kg of gold in stock.

Russia and Iran are reportedly planning to form an alliance to co-develop a stablecoin pegged against gold as the reserve asset. The stablecoin, upon its launch, will begin its operations in the special economic region of Astrakhan, where Russia receives cargo shipments from Iran.

The Reserve Bank of India transferred 100 metric tonnes of gold from the United Kingdom to domestic vaults in FY24, making it one of the largest gold movements since 1991, according to reports.

India has moved 100 metric tonnes of its gold stored in the UK to domestic vaults in FY24, sources said today.

Reserve Bank Governor Shaktikanta Das today said India has been building up gold reserves as part of its forex deployment.

Gold prices climbed to a record high on Thursday, as the U.S. dollar and bond yields ticked lower after the Federal Reserve maintained its projection of three rate cuts for this year.

The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.

Despite being officially abandoned in the 1970s, many countries still maintain gold reserves and now the demand for these reserves is rising due to growing economic uncertainty.

In the previous reporting week, the overall reserves had dropped by USD 7.273 billion to USD 594.888 billion.

Jewellers in India have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs 2,000 notes from circulation.

The New York State regulators have floated a proposal to let the residents pay and settle bail bonds in the form of stablecoins. By making bail bold payments acceptable as stablecoins, New York will be able to record all the sensitive information permanently and unchangeably on the blockchain network of choice. Pegged to reserve assets like gold or...

Gold prices advanced on Thursday, as the dollar slipped after the U.S. Federal Reserve hinted it was nearing a pause in its rate-hike cycle, making the safe-haven asset a more attractive bet.

Gold prices traded in a narrow range on Wednesday as some investors stayed on the sidelines ahead of the U.S. Federal Reserve's interest rate decision and policy outlook.

Gold prices edged higher on Tuesday, with investors looking forward to the Federal Reserve policy meeting as expectations grew that the U.S. central bank would slow its monetary policy tightening given the upheaval in the banking sector.

Gold prices rose marginally todayas investors awaited Congressional testimony by USFederal Reserve Chair Jerome Powell and monthly jobs data, both of which could influence the interest rate policy.

The famed Guruvaur Sree Krishna Temple in this central Kerala district, which recently revealed details of bank deposits to the tune of over Rs 1,700 crore, has declared that it also has over 260 kg of gold in stock.

Russia and Iran are reportedly planning to form an alliance to co-develop a stablecoin pegged against gold as the reserve asset. The stablecoin, upon its launch, will begin its operations in the special economic region of Astrakhan, where Russia receives cargo shipments from Iran.