{"id":86429,"date":"2020-01-19T16:11:58","date_gmt":"2020-01-19T10:41:58","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=13071"},"modified":"2020-01-19T16:11:58","modified_gmt":"2020-01-19T10:41:58","slug":"world-gold-council-report-rbi-ranks-6th-in-buying-gold-abroad","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/world-gold-council-report-rbi-ranks-6th-in-buying-gold-abroad\/","title":{"rendered":"World Gold Council report: RBI ranks 6th in buying gold abroad"},"content":{"rendered":"\n<p><strong>News:<\/strong>The World Gold Council (WGC) recently released its report, \u201cWorld Gold Outlook 2020\u201d.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Key takeaways from the report:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Gold has performed the best in 2019.Since 2010 the gold trade in dollars has increased by 18.4% in 2019.<\/li><li>The Reserve Bank of India ranks 6th in buying gold abroad.Currently,it holds 625.2 tonnes of gold.This is 6.6% of the country\u2019s foreign exchange.<\/li><li>The other 5 countries that have bought more gold than India include China, Russia, Kazakhstan, Turkey and Poland.<\/li><li>Further,the demand for gold in 2020 for India will depend upon (a) financial uncertainty and lower interest rates (b) weakening in global economic growth and (c)gold price volatility.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>World Gold Council (WGC)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The World Gold Council is the market development organisation for the gold industry. It is an association of the world&#8217;s leading gold producers.<\/li><li>It was established in 1987 and is headquartered in the United Kingdom.<\/li><\/ul>\n\n\n\n<p><strong>Gold Reserves<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Gold reserves are central banks\u2019 total holding of gold as a percentage of their foreign exchange reserves.<\/li><li>WGC gold reserve data are based on International Monetary Fund\u2019s International Financial Statistics (IFS) which tracks central banks\u2019 reported purchases and sales along with gold as a percentage of their international reserves.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:The World Gold Council (WGC) recently released its report, \u201cWorld Gold Outlook 2020\u201d. Facts: Key takeaways from the report: The Gold has performed the best in 2019.Since 2010 the gold trade in dollars has increased by 18.4% in 2019. The Reserve Bank of India ranks 6th in buying gold abroad.Currently,it holds 625.2 tonnes of gold.This&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/world-gold-council-report-rbi-ranks-6th-in-buying-gold-abroad\/\">Continue reading <span class=\"screen-reader-text\">World Gold Council report: RBI ranks 6th in buying gold abroad<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3836,3236],"class_list":["post-86429","post","type-post","status-publish","format-standard","hentry","category-economy","tag-gold-reserves","tag-world-gold-council","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1701850103},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86429"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86429\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}