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World Gold Outlook 2020
January 21 , 2020
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- The World Gold Council (WGC) recently released its report, “World Gold Outlook 2020”.
- The report says that gold has performed the best since 2010 in 2019.
- According to the WGC, RBI (Reserve Bank of India) currently holds 625.2 tonnes of gold.
- This is 6.6% of the country’s foreign exchange.
- With this, India ranks sixth in the world among other central banks.
- The other 5 countries that have bought more gold than India include China, Russia, Kazakhstan, Turkey and Poland.
- In 2019, the largest gold sellers were Uzbekistan and Venezuela.
WGC
- The headquarters of WGC is located in London.
- The offices of WGC are located in China, India, US and Singapore.
- The WGC office in India is located in Mumbai.
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