India and China, two of the world’s leading nations and prospering economies, are now doubling down on gold. Over the past few years, both nations have been noted for diversifying their holdings in the yellow metal specifically, showing a new pattern of adoption when it comes to embodying skilled asset management.
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India And China Are Doubling Down On Gold
Per a recent post by the Kobeissi Letter, India has managed to amp up its gold reserves to a new high. Per KL, India’s gold reserves are currently valued at $70.9 billion. Over the last 10 years, India has been closely following a pattern of diversifying its assets into gold all while reducing its dependence on US Treasury bonds.
China, on the other hand, is also following a similar pattern. The KL post outlined how China has also been showing rising interest in the precious asset and has been accumulating the yellow metal at a rapid pace. Over the last 10 years, China’s gold has doubled, while India’s gold reserves have tripled in value. Statistically. China’s yellow metal reserves are currently valued at $73.5 billion.
“Gold demand in Asia has never been stronger: China’s gold reserves hit a record $73.5 billion last month. India’s gold reserves reached $70.9 billion, also an all-time high. Over the last 10 years, India’s reserves have more than tripled while China’s reserves have more than doubled. Both China and India have been diversifying out of US Treasury bonds and reducing dependence on the US Dollar. Meanwhile, global gold demand jumped 24% year-over-year in 2024 to a record $382 billion. Gold is the global hedge.”
Gold demand in Asia has never been stronger:
— The Kobeissi Letter (@KobeissiLetter) February 24, 2025
China’s gold reserves hit a record $73.5 billion last month.
India’s gold reserves reached $70.9 billion, also an all-time high.
Over the last 10 years, India’s reserves have more than tripled while China’s reserves have more than… pic.twitter.com/ildDCvkIH5
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The Precious Yellow Metal to Rise Higher?
While Asia continues to bank harder on the precious metal, the asset’s prices are on the other hand poised to grow even stronger. Per Rashad Hajiyev a notable financial analyst, the precious yellow metal is primed to touch $3000 soon and has already started journeying to target an even higher price mark of $3400.
“Gold has been consolidating around $2,935 – $2,945 for the past 2 weeks. Looks like another explosive move to $3k plus is underway…”
Gold has been consolidating around $2,935 – 2,945 for the past 2 weeks. Looks like another explosive move to $3k plus is underway… pic.twitter.com/Nf6csSIVt1
— Rashad Hajiyev (@hajiyev_rashad) February 24, 2025
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