As per recent reports the RBI is looking to soar up its gold reserves up to 10% of its total reserves bypassing the earlier mark of 6.5%. Gold being one of the safest investments for the crisis, the central bank is said to prepare for the upcoming market situation of economic crisis or inflation. At the same time the Chinese counterpart have been soaring the gold reserves for the 7th straight month. As, if the economic dent caused by the Covid-19 crisis and the current geopolitical situation doesn’t stabilise in the coming months it may lead to crisis or inflation in the global market.
Read More at Business Insider