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Saturday, May 14, 2005

Indian Government Sells Surplus Gold and Silver

The Indian Government has decided to sell surplus gold and silver lying in its mints.
There is about five tonnes of surplus gold and 1670 tonnes of silver lying in Indian Government mints, Minister of State for Finance S S Palanimanickam, said in a written reply in the Lok Sabha.

He said the bullion market demand would determine the quantity of gold and silver likely to be sold.