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| **Aspect**                     | **Details**                                                                 |
|--------------------------------|-----------------------------------------------------------------------------|
| **Why in News**                | RBI added 8 tonnes of gold to its reserves in November 2024.                |
| **India's Gold Reserves**      | Total: 876 tonnes (510 tonnes domestically, 366 tonnes abroad).             |
| **Global Ranking**             | India is the second-largest gold buyer globally in 2024.                    |
| **Global Central Bank Purchases** | Total: 53 tonnes in November 2024.                                         |
| **Leading Buyers**             | Poland (21 tonnes), Uzbekistan (9 tonnes), Kazakhstan (5 tonnes), China (5 tonnes). |
| **RBI's Strategy**             | Increase gold reserves to hedge against inflation and foreign currency risks. |


Aspect	Details
Why in News	RBI added 8 tonnes of gold to its reserves in November 2024.
India's Gold Reserves	Total: 876 tonnes (510 tonnes domestically, 366 tonnes abroad).
Global Ranking	India is the second-largest gold buyer globally in 2024.
Global Central Bank Purchases	Total: 53 tonnes in November 2024.
Leading Buyers	Poland (21 tonnes), Uzbekistan (9 tonnes), Kazakhstan (5 tonnes), China (5 tonnes).
RBI's Strategy	Increase gold reserves to hedge against inflation and foreign currency risks.

RBI Boosts Gold Reserves: India Becomes Second-Largest Gold Buyer in 2024