Will India's Gold reserves go up?
MUMBAI (CommodityOnline) -- Should India increase its gold reserves? That is one question that the Reserve Bank of India is debating these days.
Last month, speculation was rife on whether India should increase the proportion of gold in the country's foreign exchange reserves, providing traders across the world some anxious moments.
During last few years the forex reserves have risen significantly while the gold reserves have remained the same. With the significant rise in the forex reserves and a stagnant holding of gold tonnage, the proportion of gold in forex reserves has come down to 3.6 percent.
NCDEX GOLDINTLMAY2012 30 May 2012
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