Gold: Korea Buys it, India Flies it, LBMA Denies it
Market Rundown
Authored by GoldFix
Topics:
- LBMA Bullish Gold and Silver Now
- India Repatriates More Gold
- Korea to Add to Gold Reserves
Gold: Korea Buys it, India Flies it, LBMA Denies it
— VBL’s Ghost (@Sorenthek) October 30, 2025
0:00- Intro/Mkts
1:20- Main Stories
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India Repatriates More Gold to Guard Sovereign Assets
India is accelerating efforts to bring its gold reserves home. The Reserve Bank of India repatriated 64 tonnes in the first half of 2026, expanding domestic holdings to nearly 576 tonnes. The move follows global reserve seizures in Russia and Afghanistan, highlighting the risks of storing sovereign assets abroad. Analysts call it a defensive strategy to safeguard monetary sovereignty as financial warfare intensifies. Gold now accounts for nearly 14 percent of India’s total reserves. Read full story
Even LBMA Bullish Gold and Silver Now
The mood at the London Bullion Market Association conference in Kyoto was firmly bullish, even after gold’s sharp pullback. A survey of attendees forecast gold near $5,000 and silver close to $60 by next October. Dealers report brisk physical buying on dips, while central banks like Korea plan to expand reserves. Analysts view the correction as healthy consolidation within a broader uptrend, with physical demand and official sector accumulation anchoring long-term strength in precious metals. Read full story
Korea to Add to Gold Reserves as Nations Weigh China Vaulting offers
South Korea is preparing to re-enter the gold market for the first time since 2013, joining a growing list of central banks expanding bullion holdings. The Bank of Korea says it will consider new purchases “from a medium- to long-term perspective,” with timing depending on market conditions. The move underscores how official-sector demand remains a major driver of gold’s 50 percent rally this year, even as China courts foreign central banks to store reserves in its own vaults. Read full story
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