In response, central banks, particularly in emerging markets, are boosting their gold reserves, pushing bullion prices to volatile highs. Central banks turn decisively to goldEmerging-market central banks across Asia, West Asia and parts of Eastern Europe have led the shift, steadily increasing gold allocations while trimming marginal exposure to U.S. Treasuries. According to the World Gold Council, central banks added 1,045 tonnes to global gold reserves in 2024. The value of India’s gold reserves has climbed to roughly $108 billion amid the price rally. Gold signals shifting trust in the dollar systemIn a global reserve system holding more than $12 trillion in foreign-exchange assets, even marginal shifts are significant.

Source: The Hindu January 31, 2026 16:44 UTC