Downgrade Warning

Construction workers work at a site as the sun sets in the northern Indian city of Chandigarh December 16, 2006. REUTERS/Ajay Verma/Files

S&P affirms negative outlook on India, says chances of downgrade remain

Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chance of a ratings downgrade over the next 12 months, a statement said on Friday.  Full Article 

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Hefty Fine

Hefty Fine

Tribunal orders fined cement firms to pay $109 million fee.  Full Article 

Share Sale

Share Sale

Tata Tele (Maharashtra) share sale cancelled.  Full Article | Related Story 

Tech Buzz

Tech Buzz

Google's wearable Glass gadget: cool or creepy?  Full Article 

Biggest Investors

Biggest Investors

China, India to be world's two biggest investors by 2030: World Bank.  Full Article 

ITC Results

ITC Results

ITC quarterly profit rises 19.5 pct, meets estimates.  Full Article 

Gold Market

Gold Market

Column - China, India demand not enough to save gold: Clyde Russell.  Full Article 

Chit Fund Scam

Chit Fund Scam

Fund scams target Indians beyond the reach of banks.  Full Article 

Foreign Inflows

Foreign Inflows

Foreign investors buy most Indian stocks in 3 months.  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

SPDR Gold Shares holdings down 0.27 tonnes

Stocks

   

Fri Nov 14, 2008 9:28am IST 

 SINGAPORE, Nov 14 (Reuters) - The world's largest
gold-backed exchange-traded fund, the SPDR Gold Trust (GLD),
said it held 748.94 tonnes of gold in bank vaults on behalf of
investors as of Nov. 13, down 0.27 tonnes from Nov. 11.
 For details on gold holdings by the ETF listed in New York
and also co-listed on other exchanges, click on:
 here
 Holdings in the trust, which issues securities backed by
physical stocks of gold, touched a record of 770.64 tonnes on
Oct. 13 as turmoil in global financial markets spurred demand
for bullion as a safe-haven asset XAUEXT-NYS-TT.
  Following are changes in SPDR holdings
  Date:     Total tonnes
  Nov 13    748.94
  Nov 11    749.21
  Oct 26    747.06
 (Reporting by Lewa Pardomuan; Editing by Kazunori Takada)
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.