Gold price correction to boost financial system: RBI paper

.....“Even empirical analysis provides credence to the view that any deep correction in gold prices would not have any adverse implications for financial stability. In fact the empirical results of this study provide support to a contrarian view that any correction in gold prices would cause stabilising impact on the financial indicators of the Indian financial system,” the report authored by Rabi N Mishra and G Jagan Mohan of the RBI’s Financial Stability Unit (FSU) said......

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