By Admin 
China buying gold: China’s central bank is buying indiscriminate gold. From the seventh consecutive month in August, The People’s Bank of China is buying gold. On the lines of the dollar, China’s Gold Reserve has reached $ 253.8 billion. It is 7.6 percent of the total reserve of the country. So far this year, the Central Bank of China has purchased gold up to 21 tonnes. In the year 2024, China purchased 44 tonnes of gold and 225 tonnes in 2023. The purpose of China is to reach its gold reserve to 5,000 tonnes.
China’s target becoming the biggest economy
According to media reports, if China is to become the world’s largest economy, then its gold reserve should be more than 8,000 tonnes. Currently, China is far from its target. Currently, China officially has 2,300.4 gold.
Earlier in the year 2009, Deputy Secretary General of China Gold Association, Hua Hua Humin said that China should have at least 5,000 tonnes of gold. After reaching this point, China will become the second largest country to keep the most gold in the world after America. Let us know that America currently has 8,133.5 tonnes of gold and is the largest economy in the world.
How much gold does which country has?
America’s Gold Reserve has remained the highest in the world for the last 25 years. After this, Germany is second with 3,350 tonnes (78 percent part of the total reserve) at the second number. Italy is third with 2,452 tonnes of gold (75 percent), Russia is at number four with 2,330 tonnes of gold. After this comes the number of China.
China comes after Switzerland, which has 1,040 tonnes of gold. This is 11 percent part of the total reserve here. India’s number comes immediately after Switzerland. India currently has 880 tonnes of gold, which is 13 percent of the total reserve. This is followed by Japan with 846 tons, Türkiye with 637 tons, Netherlands with 613 tons and Poland with 515 tons.
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