Explained: Why the world’s central banks are buying gold like never before

By Koustav Das – India Today

Not just households and investors, but central banks around the globe are buying gold like it’s Dhanteras every day. So why are the world’s biggest buyers going for bullion? Read on to find out.

Everyone wants a piece of gold, even central banks around the world. Across continents, monetary authorities are quietly building their gold stockpiles at the fastest pace in decades.

This isn’t about nostalgia for the gold standard or a hedge against passing market fears. It’s about strategy.