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TTD to deposit 2,000 kg gold in banks

Friday, February 26, 2016
Tirupati

The TTD will be depositing about 2,000 to 2,500 kilograms of gold in various nationalized banks according to sources.

The TTD has already has 4.5 tonnes of gold in the form of deposits with several banks. The present decision to move two and a half tonnes of gold under the short term deposits also includes one tonne of matured gold received by way of redemption form Corporation bank. On the other hand, the TTD is yet to take a decision with regard to over 27,000 kg of silver lying idle in its coffers. The TTD adds an additional 200 to 300 kg of silver every month to its cache that is receives in the form of offerings made by devotees.


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