3 Kerala companies have more gold than Sweden, Singapore, Australia
By GCRU Gold News on Tuesday, December 16 2014, 22:43 - Permalink
Three gold loan companies in Kerala have more precious metal in their vaults than the gold reserves of some of the richest nations. Muthoot Finance, Manappuram Finance and Muthoot Fincorp jointly hold nearly 200 tonnes of gold jewellery, which is higher than the gold reserves of Singapore, Sweden or Australia.