Gold to Replace the US Dollar? India, China Beef Up Reserves | Vantage with Palki Sharma

Gold to Replace the US Dollar? India, China Beef Up Reserves | Vantage with Palki Sharma

In a significant global surge, gold prices have hit an all-time high. Central Banks across the world are now buying gold. China has emerged as a leading buyer of the metal. Since November 2022, China's central bank has engaged in heavy buying. India too has been building up its gold reserve. As of January 2024, India's Reserve Bank of India has 800 tonnes of gold in its reserve. Banks are rushing towards gold investments to diversify their reserves, and to avoid the dependability on one currency. Is gold a suitable replacement to the US dollar? Palki Sharma tells you more.

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Gold | India | China | US Dollar | De-Dollarization | Firstpost | World News | Vantage | Palki Sharma

#gold #india #china #usdollar #dedollarization #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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