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Amid declining stock and real estate markets in China, investors, facing a depreciating currency, increasingly turned to precious metals, with significant purchases of jewelry, bars, and coins reported. Although the exact numbers are uncertain, all hard data pointed to a dramatic shift towards physical metals. Simultaneously, India saw remarkable activity ...
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As at end April 2024, the amount of gold held in London vaults was 8,552 tonnes (a 0.1% decrease on previous month), the lowest holdings since May 2020, valued at $634.3 billion, which equates to approximately 684,132 gold bars. There were also 25,470 tonnes of silver (a 0.6% decrease on previous month), valued at $21.8 billion, which equates to ...