Gold Reserves: In a report that we published earlier in the day we reported that the Central banks of many countries are actively increasing their gold reserves. The focus in this particular story was on Poland which has reportedly taken lead over China in increasing gold reserves. Chinas Peoples Bank increased its gold reserves by 5 tons in February bringing the total increase to 10 tons in the first two months of 2025 whereas Polands National Bank (NBP) purchased 29 tons of gold in February marking its largest monthly purchase since June 2019. Polands total gold reserves are currently 480 tons informed Krishan Gopal a senior analyst at the World Gold Council (WGC). Now talking about decline in gold reserves a report from Venezuelas central bank suggests that there has been a 13% decline in the countrys gold reserves in 2024. This fall leaves the total reserves of Venezuelas central bank at 53 tons by the end of 2024. According to the monetary authoritys balance sheet Venezuela had 61 tons of gold in 2023 and by the end of December 2024 the total value of the countrys gold reserves was $4.24 billion. The central bank estimated the average price of gold at $2492.58 per troy ounce. Talking about India the Reserve Bank of India (RBI) has seen the second highest increase in its gold reserves globally since the COVID-19 pandemic. According to data from the World Gold Council the RBI purchased a total of 244 tons of gold between 2020 and 2024 while China added 336 tons during this period. Indias purchasing continues while some other countries have reduced their holdings. In the last quarter of 2024 the RBI purchased 22.54 tons of gold making it the second largest buyer in the world. The World Gold Council founded in 1987 is an international trade association for the gold industry with headquarters in London and offices in India China Singapore the UAE and the United States. WGC publishes research advocating for gold various products such as SPDR Gold Shares and gold accumulation plans in India and China and films promoting its corporate activity.