Gold: Rising gold price vindicates RBI’s investment plan
By GCRU Gold News on Wednesday, November 14 2018, 23:39 - Permalink
The Reserve Bank of India’s gold purchase plan seems to be paying off as the monthly valuation gains have touched an eight month high with investor demand for a safe haven rallying the yellow metal.
The value of gold in the country’s foreign exchange reserves rose 1.7 per cent in three weeks from October 12 to November 2 at $20.9 billion. Gold prices rose 2 per cent during the same period.