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They bought how much gold?

December 1, 2010

IMF’s gold sales slowed 40 pct in Oct. vs Sept.

INDIANEW YORK/WASHINGTON Nov 29 (Reuters) – The International Monetary Fund has slowed the rate of selling its gold by 40 percent in October from the previous month, as interest among central banks to own the metal increased as a hedge against economic uncertainty.

Gold previously sold directly to central banks were 222 tonnes to India, 200 tonnes to Mauritius, 10 tonnes to Sri Lanka and 10 tonnes to Bangladesh.

Your information on total IMF sales by countries is wrong.

You state that India has bought 222 tonnes, Mauritius bought 200 tonnes, etc.

Can you please give the correct information to the public.

Harvey O.

Yes, we corrected it to say India bought 200 tonnes instead of 222, and Mauritius bought 2 tonnes instead of 200: GBU Editor

A woman is reflected on a mirror inside a gold jewelry shop in the western Indian city of Ahmedabad November 29, 2010. REUTERS/Amit Dave

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