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The Gold (Control) Act, 1968 is a repealed Act of the Parliament of India which was enacted to control sale and holding of gold in personal possession. High demand for gold in India with negligible indigenous production results in gold imports, leading to drastic devaluation of the Indian rupee and depletion of foreign exchange reserves to alarming levels.
The tola (Hindi: तोला / Urdu: تولا, romanized: tolā; also transliterated as tolah or tole) is a traditional Ancient Indian and South Asian unit of mass, now standardised as 180 grains (11.6638038 grams) or exactly 3⁄8 troy ounce. It was the base unit of mass in the British Indian system of weights and measures introduced in 1833 ...
Official U.S. gold reserve since 1900 Changes in Central Bank Gold Reserves by Country 1993–2014 Central 2005 and 2014. A gold reserve is the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of ...
For a couple days, one Indian businessman was worth his weight in gold. Well, at least a little bit. According to his doctor, the 63-year-old businessman swallowed 12 small gold bars, weighing ...
The standard gold bar held and traded internationally by central banks and bullion dealers is the Good Delivery bar with a 400 ozt (12.4 kg; 27.4 lb) nominal weight. However, its precise gold content is permitted to vary between 350 ozt (10.9 kg; 24.0 lb) and 430 ozt (13.4 kg; 29.5 lb).
Gold as an investment. A Good Delivery bar, the standard for trade in the major international gold markets. Size of a 100 gram gold bar - packaged inside an assay for proof of authenticity - compared to a playing card. Of all the precious metals, gold is the most popular as an investment.
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