India's central bank reports another gold purchase India gold centralbanks
The Reserve Bank of India followed in China's footsteps with another gold purchase in March, according to the World Gold Council .
This comes after the Reserve Bank of India bought 3.8 tonnes of gold in February. Last year, the central bank also added 33 tonnes, 57% lower than in 2021. This was in contrast to other emerging central banks like China and Turkey stepping up their annual buying, which led to new record levels of gold bought in 2022.
The gold market continues to receive support from central banks, with January and February marking the strongest start to the year since at least 2010, the WGC said.
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