New Delhi; News Agency: The Reserve Bank of India is the third largest gold buyer in the world. On the other hand, the people of the country have not lost their attraction to gold. According to the World Gold Council, the sale of gold jewelery in India has increased by 4 percent in the three months of January-March this year compared to last year.
95.5 tonnes have been sold in these 3 months. The sales were 91.9 tonnes during the same period last year. Globally, however, the demand for gold jewelery decreased by 2 percent during this period. 479 tonnes of jewelery were sold worldwide in these 3 months. In China too, the demand for jewelery has decreased by 6 percent to 184.2 tonnes this year compared to January-March last year. RBI bought 19 tonnes of gold in 3 months. Last year, the bank had purchased 16 tonnes of gold during the same period.
Gold reserves in banks around the world have increased by 290 tonnes.
Buy gold by country
Turkey: 30 tons
China: 27 tonnes
India: 19 tonnes
Kazakhstan: 16 tons
Czech Republic: 5 tons
(Figures for January-March 2024)
