India attracts massive attention to its gold reserves through Google search: summary

FILE PHOTO: Gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. REUTERS/Denis Balibouse//File Photo

Source: REUTERS

What we know

Interest in India’s gold reserves has spiked in recent times, with 29,300 Google searches for the term ‘gold reserves’ as of February 2024.
India has been ranked as a top producer of gold with one of the highest gold reserves globally.
The country has approximately 804 tonnes of gold worth a value of $50 billion.
Other countries including the U.S. and the UK have also gained a lot of interest for their gold reserves through Google searches.
The U.K. has 16,280 Google searches while the U.S. has 13,380.

What they said

The Managing Director at The Gold Bullion Company said various metrics have contributed to the growth of gold reserves in these countries. "The world’s biggest gold nations do not thrive solely on their accumulated gold reserves but have devised various metrics beyond that. Countries including the United States, Germany, and Italy are among the top holders of gold reserves and continue to grow steadily as a part of their investment diversification strategy," she was quoted by The Economic Times India as saying.

Wonder Hagan