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Tag: central banks

Iraq Central Bank Continues Gold Accumulation

October 9, 2024October 10, 2024David Rutman

The Central Bank of Iraq (CBI) has further expanded its gold reserves, adding 4 tonnes to its holdings in June and July. This brings the CBI’s total gold purchases for the year to 10 tonnes, lifting its overall gold reserves to 153 tonnes. New data from the IMF shows that the Central Bank of Iraq […]

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Czech National Bank Boosts Gold Reserves by Another 1.6 Tonnes

October 9, 2024October 9, 2024David Rutman

The Czech National Bank (CNB) has continued its gold-buying spree, adding another 1.6 tonnes to its reserves in September. This marks the 19th consecutive month of gold purchases by the CNB, bringing its total gold holdings to over 46 tonnes. The CNB’s decision to accumulate gold is likely motivated by a desire to diversify its […]

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India’s gold imports hit a three-and-a-half year high

October 7, 2024October 11, 2024David Rutman

India’s gold imports soared to their highest level in over three years, reaching 125 tonnes in August 2024, fueled by strong consumer demand and industry restocking ahead of the Diwali season and Q4 festive celebrations. This represents a significant 58% increase year-on-year and an impressive 212% jump from July, according to data from the World […]

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