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The United States maintains a unique system where gold is held directly by the government rather than the central bank. (AI image) Gold prices have been reaching new lifetime highs and the value of gold reserves with countries is surging as well! The US Treasury’s gold reserves have crossed $1 trillion in value, marking a…
NEW DELHI: Unesco on Saturday designated India’s Cold Desert Biosphere Reserve, located in western Himalayas and spread over 7,770 sq km of windswept plateaus, glacial valley and high-altitude desert in Lahaul and Spiti district of Himachal Pradesh, as one of the biosphere reserves of its global network.India has a total 18 biosphere reserves, of which…
India’s foreign exchange reserves rose by $4.698 billion to $702.966 billion for the week ended September 12, according to data released by the Reserve Bank of India on Friday.This marks the second consecutive week of robust accretion, after reserves had climbed $4.038 billion to $698.268 billion in the previous reporting week, PTI reported.Foreign currency assets,…
China, the world’s largest consumer of gold, is planning to relax licensing norms for the export and import of the yellow metal, as the nation continues to steer away its reserves from the US dollar.According to a draft proposal from the People’s Bank of China (PBOC), the country plans to expand the use of “multi-use…
