Policy makers face a wall on curbing gold demand

Legend has it that Moses smashed in disgust the tablet carrying the Ten Commandments down Mount Sinai when he saw Jews in delirium worshiping a golden calf. The feeling about the yellow metal in the minds of finance minister P Chidambaram and his economic affairs secretary Arvind Mayaram, who forecast the Indian rupee to touch Rs 50 to the US dollar, may be something similar to that of Moses.

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