Commodity Trade Mantra

Posts Tagged ‘Gold Depositories’

IMF’s Gold Depositories- Nagpur & Shanghai: Indian & Chinese connections

The IMF holds the equivalent of US$27.5 million in gold with Reserve Bank of India in Bombay. IMF has received a letter from the Reserve Bank stating that it has recently opened an office at Nagpur, which is situated about 520 miles from Bombay in the interior of the country & contains a special vault for storing the Bank’s stock of gold.

2 Comex Gold Depositories: Registered Inventories Decline 25% In A Day

On Thursday, Brinks held 257,290 oz of gold & Scotia held 339.993 oz in their registered inventories. On Friday, when CME released an update on its Comex gold warehouse stocks, Brinks registered inventories declined 62,259 oz & Scotia Mocatta fell 87,849 oz. In a day, Brinks registered gold inventories fell 24% & Scotia Mocatta’s fell 26%.

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