Global demand for precious metals has surged significantly in 2024. Central banks around the world, including those in emerging markets, have maintained their status as net buyers of gold for over a decade. This year alone, they collectively acquired over 500 tonnes of gold, highlighting their efforts to diversify reserves in response to ongoing economic uncertainties, according to the report.
On the Multi Commodity Exchange, gold prices for February delivery declined Rs 214, or 0.42 per cent, to Rs 50,202 per 10 gram in a business turnover of 11,011 lots.
