The Bank of Korea said in a statement on Tuesday it bought 25 tons of gold over the past two months, raising its gold holding to 39.4 tons, or 0.4% of its total reserves.
China, which ranks 6th globally, the biggest among Asian banks with 1,054.1 tons, equivalent to 1.6% of its entire reserves.
Japan, No. 9 globally, has 765.2 tons of gold, or 3.3% of its total reserves, and 11th-ranked India has 557.7 tons, or 8.7%.
Bank of Korea buys gold for first time since ’97-’98 crisis | Reuters.
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