The Bank Of India Buys 200 Metric Tonnes Of Gold From IMF

The Reserve Bank of India (RBI) has purchased 200 metric tonnes of gold from International Monetary Fund to diversify its assets on Monday. Analysts say weak American dollar is the major reason for RBI to stock on gold right now. The deal came at a price of $6.8 billion...

Price Of Gold At All-Time High

The price of gold keeps on rising and has hit an all-time high of $1,040.15 per ounce after the dollar loses some of its value. The last time gold hit a new high, 1,032.80, was in March 2008. Gold and other metals have become increasingly popular among investors as the dollar...