{"id":21530,"date":"2026-06-18T12:05:35","date_gmt":"2026-06-18T06:35:35","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=21530"},"modified":"2026-06-18T13:27:32","modified_gmt":"2026-06-18T07:57:32","slug":"wgc","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/wgc\/","title":{"rendered":"World Gold Council"},"content":{"rendered":"<h2><b>World Gold Council Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recently, the World Gold Council\u2019s (WGC) 2026 Central Bank Gold Reserves (CBGR) survey indicated that the central banks around the world would accumulate more gold in the future.<\/span><\/p>\n<h2><b>About World Gold Council<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is a <\/span><b>nonprofit association<\/b><span style=\"font-weight: 400;\"> of the <\/span><b>world\u2019s leading gold producers <\/b><span style=\"font-weight: 400;\">formed in 1987.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is a market development organization for the gold industry <\/span><b>which includes 29 major gold mining companies.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It aims to maximize the industry\u2019s potential growth by <\/span><b>monitoring and defending existing gold consumption.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It achieves this by setting up <\/span><b>gold standards, proposing policies<\/b><span style=\"font-weight: 400;\">, ensuring fairness and sustainability in the gold mining industry, and promoting the usage and demand for gold for individuals, industries, and institutions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The WGC is also the global authority on gold, and they offer comprehensive analyses of the industry.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The most <\/span><b>famous publications are quarterly reports<\/b><span style=\"font-weight: 400;\"> on the gold market and gold demand trends analyzed by both sector and geographical location.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It also <\/span><b>co-sponsors researching the development <\/b><span style=\"font-weight: 400;\">of new uses of gold, or of new products containing gold.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It covers the markets which comprise about three-quarters of the world\u2019s annual gold consumption.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The WGC was the <\/span><b>creator of the first gold exchange-traded fund.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Headquarters:<\/b><span style=\"font-weight: 400;\"> London, UK<\/span><\/li>\n<\/ul>\n<p><b>Source:<\/b> <strong><a href=\"https:\/\/www.thehindu.com\/business\/central-banks-to-increase-gold-reserves-over-next-12-months-wgc-survey\/article71109776.ece\" target=\"_blank\" rel=\"nofollow noopener\">TH<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>World Gold Council is a nonprofit association of the world\u2019s leading gold producers formed in 1987. Read more about World Gold Council, Aim, Members, Headquarters, Latest News.<\/p>\n","protected":false},"author":5,"featured_media":108716,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[21,22,23,8196],"class_list":{"0":"post-21530","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-prelims-pointers","9":"tag-upsc-current-affairs","10":"tag-upsc-prelims-current-affairs","11":"tag-world-gold-council","12":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=21530"}],"version-history":[{"count":3,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21530\/revisions"}],"predecessor-version":[{"id":108740,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21530\/revisions\/108740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/108716"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=21530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=21530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=21530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}