Shirish Chandra Murmu, Deputy Governor, Reserve Bank of India (RBI), has highlighted in a latest speech the recent sharp rise in gold prices and its impact on the central bank balance sheets. RBI conservatively revalues the gold holdings at 90% of the London Bullion Market Association (LBMA) gold price. However, gold revaluation practices vary across countries and the impact of high movement in gold prices on central bank balance sheets and income needs wider discussion, he noted.

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