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India holds 15% of global gold market worth $23 trillion: Report

Central bankers around the world bought golds worth $84 billion in 2024, a report said

July 08, 2025 / 09:45 IST
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The volatile nature of the US Treasury Bonds has made gold an even more attractive instrument for central banks

India holds 15 percent share in the global gold market that is currently valued at around $23 trillion, a DSP Mutual Fund July 2025 report said. The global forex reserves as of now stands around $12.5 trillion, the report added.

Moreover, the report pointed out that of all the gold mined ever, 65 percent is in the form of jewellery and a 5 percent shift of global reserves into the yellow metal could lead to a sustained and significant rally in its price. However, there is not much gold to absorb such magnitude of flows, the report said.

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Recently, the precious metal has emerged as the only credible alternative attracting reserve flows, according to the report.

Interestingly, central bankers around the world bought golds worth $84 billion in 2024. This is in contrast to $85 billion global central banks spent on the yellow metal over 16 years between 2000 and 2016.