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Topic : GOLD PRICES
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RBI buys 200 metric tonnes gold from IMF for $ 6.7 bn

Created by : Bhanu Pratap Singh, Team Head, Institutional-Sales, Hyderabad Industries Ltd.  | 11 03 2009 06:47:33 +0000
Keywords : economy gold imf bullion market
Activity:  558 views;  last activity : 07 06 2010 20:18:09 +0000

After purchasing the 200 metric tonnes gold from IMF and targets to sell about 403.3 metric tonnes of gold from IMF . What is your opinion about this purchasing which was settled on Market base price.  Will gold price go down?

  
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As per View when IMF announce to sell the Gold so Indian Bullio Vs Liquidity will be more in Indian Market cause this is about hal
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According to me We should be buying gold at these levels as gold is surely expected to rise further more something like, 25% I guess in the near term. These buys will ultimately help stabilize rupee and make it more strong. Infact they should have gone out and bought the whole thing. With gold doing well and falling dollar, it would have made much sense to go out for all.

And Mr. Bhanu pratap singh, your two sides mentioned is not properly visible try to make it short or please do give your  view on description itself by which people can understand what you are saying in a much better fashion.
By Jyoti Rath, Sr. Associate, Barclays  | 11 03 2009 11:11:05 +0000
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I am very much sure that Indian Bullion Market will go down.
By Bhanu Pratap Singh, Team Head, Institutional-Sales, Hyderabad Industries Ltd.  | 11 03 2009 06:47:33 +0000
Argue for "As per View when IMF announce to sell the Gold so Indian Bullio"
Argue for "Liquidity will be more in Indian Market cause this is about hal"
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