Did you know? This Dhanteras, RBI made a sparkling move!
The Reserve Bank of India has brought home a treasure—A massive 102 tonnes of gold, previously kept in the Bank of England’s vaults, has now been relocated to India.
But what’s fueling this strategy?
Rising inflation, climbing gold prices, and global tensions have propelled the RBI into a gold-buying spree, adding 32.63 tonnes just in the first half of FY25!
With the value of gold holdings soaring from 52.67 billion dollars in March to an impressive 65.74 billion dollars, it’s clear RBI sees gold as a rock-solid hedge against uncertain times.
What do you do to hedge your investments? Tell us in comments. And subscribe to our channel for more such updates.