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RBI Increases Gold Purchases The Reserve Bank of India has significantly increased its gold purchases, buying 50 tonnes so far in FY25. This move aims to diversify its foreign exchange reserves and mitigate revaluation risks, as part of efforts to minimize currency volatility and cushion the rupee against the US dollar.
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Did you know? Indian housewives collectively own 25,000 tonnes of gold – more than the official reserves of the United States, France, and China combined. According to the World Gold Council, this represents nearly 11% of the world’s total gold re
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India’s Gold Loan Market: A Glittering Opportunity The Sparkling Growth: Bajaj Finserv Ltd., a diversified NBFC, predicts India’s gold loan market—valued at $55.52 billion in 2022—will soar to $124.45 billion by 2029. A 12.22% annual growth fuels t
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