Quote from Mr. Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL)

PRITHVI RAJ

MrPrithviraj KothariManaging Director of RiddiSiddhi Bullions Limited (RSBL)

The “You are Gold” Ad campaign by WGC sends a powerful message to Gen Z and Millennials that you can overcome your fear, self-doubt, insecurity, discouragement, and failures by wearing gold. Gold is considered to be lucky, can empower you, uplift you, and give you passion to achieve your goals. Indeed, Gold has been used since 5000 BC, generation after generation, as a symbol of high social status, as a currency, as a commodity, as an investment tool, and flaunted as jewelry and younger generations need to understand this.

Quote from Mr. Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL)

Quote:

MR.Prithviraj kothari

By-Mr. Prithviraj Kothar, Managing Director of RSBL

 Central Bank buying is the main factor supporting Gold prices to trade above $2000 in the last few months. Central banks around the world have been buying gold with both hands for the last 2-3 years as they want to diversify their reserves out of Dollar to other asset classes. The Reserve Bank of India has been actively buying around 40 tonnes of gold every year for the last six years. India now stands at ninth position in terms of gold reserves with holdings over 800 tonnes in 2023. India’s central bank has surpassed the central banks of the Netherlands, Turkey, the UK, and Saudi Arabia in terms of gold reserves lately.