The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Friday, 13th May 2005 (5012 views)

The Indian government is to sell its surplus stocks of gold and silver.<br/><br/>According to the government it currently has five tonnes of surplus gold lying in its mints.<br/><br/>The minister of state for finance, S Palanimanickam, explained that the amount of the metal that will be sold would depend on bullion market demand.<br/><br/>In addition, around 1,670 metric tonnes of silver are also lying in Indian government mints.<br/><br/>A special committee was set up in April to help boost gold trading in India.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8493412"/>

 

« Back to Gold News stories