India's foreign exchange reserves ... The value of India's gold reserves surged by $4.11 billion to $107.930 billion during the week ... The country's forex reserves had fallen in the preceding reporting week.
However, the key development lies not only in the accumulation of gold reserves, but also in the redistribution of storage locations ... Some countries are choosing to repatriate their gold reserves, ...
A record 45% of central banks worldwide expect to increase their gold reserves in the short term, according to the latest survey from the WorldGoldCouncil...Central banks are increasing gold reserves ...
... Cheques & Balances..The Council’s annual CentralBanksGold Reserves Survey showed that 89% of reserve managers expect global central bank gold holdings to increase over the next 12 months.
For the week ended May 29, foreign currency assets, a major component of the reserves, increased $3.116 billion to $546.148 billion, the central bank's data showed ... .