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So as per info gleaned thru Google , we are looking at minimum 35kgs to max 105kgs of Gold from this whole deposit of 3500 tonnes. I am no miner or gold expert or smart journalist . According to my studies , we are looking at INR 14cr to 44cr worth of gold
But the world gold council says that the average is 10gm per tonne 3500*10= 35 kgs
30gms of pure gold is refined from a tonne of gold ore , this is when one has " high quality gold ore " 30*3500= 105kg or gold
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How did Gold INR move during the year of the Global crisis 2008 vs Nifty... It is a good lesson to learn from the past Gold: Golden line Nifty : Purple, S&P Green #GC1!/INRUSD chart via
Saudi Arabia’s GDP growth is projected to see an upturn this year, central bank Governor Ahmed Alkholifey said
Gold is likely to touch levels of $1,700/ounce in 2020 and is a buy even at the current levels if investors consider it from a long-term perspective, Umesh Mehta, Head of Research, Samco Securities tells Moneycontrol’s @kshanand.
Thank you, but I can't claim credit. Heard this from N Vagul, then chairman of ICICI - the dFI - in the early 1990s. We have remained the same - about most things. Lastest being the news about Gold Deposits which were announced in 2012-13 and probably known for ever!
Relationships that are built over time steadily are the strongest & are the ones that survive the test of time: @AdelleNaz, Senior Media Fellow, Gold Institute for Internal Strategy tells Rahul Shivshankar on INDIA UPFRONT Special Edition. | #ModiTrumpSummit