"gold-reserves"

BRICS nations’ push to trade in local currencies reflects frustration with dollar dominance and signals a shift in the global monetary order

The United States President said Elon Musk will be looking at Fort Knox, the legendary depository for American gold reserves in Kentucky

The forex reserves rose $1.05 billion to reach $630.607 billion for the week ended January 31, according to the Reserve Bank of India (RBI) data. Meanwhile, gold reserves went up by $1.242 billion to $70.893 billion during the week

The strategy of holding gold is primarily aimed at hedging against inflation and reducing foreign currency risks, especially in times of uncertainty triggered by geopolitical tensions

India's presence in the global gold market remains prominent, with additional contributions from other central banks in February.

The NGTA, for which the RBI has invited bids from eligible vendors, would be supporting various transactions in asset classes like Fixed Income (FI), Forex (FX), Money Market (MM) and Gold.