| A deep correction in the price of gold could nudge the financial stability of the Indian economy, according to a working paper on gold price by India's apex bank, the Reserve Bank of India. The paper has noted that any sharp fall in the price of gold is unlikely to have a destabilising effect on the Indian financial markets as was earlier envisaged and that instead a correction in gold prices may mitigate financial stress, if any.
Indians may be the biggest buyers of gold in the world with the country also holding the prime position as the largest importer of the precious metal...............................................Full Article: Source
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