Contributing Editors' Blog Entries

GoldCore's picture

India has no proposal to lease gold bought from the IMF according to India’s Economic Affairs Secretary, Arvind Mayaram. His comments came in a text message.

The influential in India, Hindu Business Line newspaper, had reported earlier that the government will consider leasing out 200 tons of gold bought from IMF in 2009, citing finance ministry officials it didn’t identify.

With strains in the  LBMA gold market, further pressure may be being applied to India to now help with supply after their recent draconian attempted measures to restrict demand.

Pivotfarm's picture

Indian Death Lock

The Rupee has taken a severe hammering and has lost 44% of its value in the past two years. It was at its lowest point yesterday against the Dollar.