Consider the following statements as per the latest

report by the World Gold Council (WGC): 1. India is the world’s largest consumer of gold. 2. India has the 2 nd largest gold reserve in the world with the current holding pegged at 983 tonnes. Choose the right option given below:

A Only the statement 1 is true Correct Answer Incorrect Answer

B Only the statement 2 is true Correct Answer Incorrect Answer

C Both the statements 1 and 2 are true Correct Answer Incorrect Answer

D None of these Correct Answer Incorrect Answer

Solution

According to the World Gold Council, India and China were the largest gold consuming countries in 2010, and both nations maintained this status in 2022 with a consumption of 824.9 and 774 metric tons, respectively. Following China and India, are the United States, Saudi Arabia, Germany, Turkey, and Iran. India, which is the world’s largest consumer of gold, has the 11th largest gold reserve, with the current holding pegged at 607 tonnes, as per the latest report by the World Gold Council (WGC).

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