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RNRL's submissions on the MoU Mumbai, Washington: The International Monetary Fund has sold 200 tonne gold to the Reserve Bank of India for $6.7 billion, quietly executing half of a long-planned bullion sale that has threatened to slow golds... Full Article at Expressindia.com
Related Articles
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Mumbai/Washington, Nov. 4: The International Monetary Fund (IMF) has sold 200 tonnes of gold to the Reserve Bank of India (RBI) for $6.7 billion, quietly executing half of a long-planned bullion sale that has threatened to slow gold's ascent. Full Article at Asian Age
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The International Monetary Fund has sold 200 tons of gold to the Reserve Bank of India for $6.8 billion, quietly executing half of a long-planned bullion sale that has threatened to slow gold's ascent. Full Article at People's Daily Online
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Nov. 3: India has buried a shame in gold but reaped a worry in grain. Full Article at Calcutta Telegraph
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The International Monetary Fund kicked off the sale of more than 400 tonnes of gold with a wallop, saying it sold almost half to India, the world's biggest gold consumer, at near-record prices. Full Article at Sydney Morning Herald
Related Quotes
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We feel the RBI could move forward to accumulating more reserves as gold is expected to shine for years to come. The Dollar Index has weakened sharply and at the same time gold prices have gained phenomenally
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Central banks in India and China will be happy to accumulate gold at these levels. I will not be surprised to see even some Southeast Asian banks buying gold
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It doesn’t mean we don’t prefer the dollar any more or like gold any better.
