Based on the data of the World Gold Council, a bank report of Baroda said that holding by Central Banks increased by 1.8% annually between 2009 and 2024. The top 10 holders are USA, Germany, Italy, France, Switzerl, Nund, Japan, Netherlands, China, Russia and India.
The report states that India has been building this reserve since 2017, while in the case of China, the build-up has been consistent since 2014. US He has the highest gold reserve of 8,133 tonnes but has not changed in these 15 years.
The report states that the increase in gold holding by central banks has been for four main reasons: diversity, no equivalent risk, a safe-haunted nature of gold and strategic assets.
The report states that in the last 2 years, there has been a lot of instability in the Forex market with the DXY (DOLAR Lur Index) moving strongly in both directions. This is the USD or the US Treasury has made a less preferred reserve property and so it has focused in gold. “
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“So from the point of view of the market mechanics, gold dollar is better than the Ler or Euro because it is not immersed by the government’s personal policies.”
In the case of India, gold reserves increased to 11.4% in 2024 as part of foreign exchange reserves, which is 6.9% in 2009.
The report states that emerging markets will continue in an attempt to move their gold reserves. “This trend can be expected to continue in the coming years as central banks work to build gold reserves to diversify their forex reserves. This will also keep the price of gold boom.”
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