You are here

India's central bank quashes reports of selling gold reserves

Section: Daily Dispatches

From The Times of India, Mumbai
Sunday, October 27, 2019

MUMBAI -- The Reserve Bank of India today clarified that it had not sold any of its gold reserves and neither done any trading in the metal.

The central bank's announcement, in a series of tweets, came after some reports that the bank has been selling its gold reserves. ...

Further clarifying on the reports, the central bank said in another tweet that, "The fluctuation in value depicted in Weekly Statistical Supplement is due to change in from monthly to weekly basis and is based on international prices of gold and exchange rates." ...

For the remainder of the report:


Buy, Sell, or Store Precious Metals with Money Metals

Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --

-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.

Shop online with Money Metals Exchange here --

-- or by calling 1-800-800-1865.

Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: