The Actual Value Of Gold In Rupees Based On Money Supply And Gold Stock

       There is a school of thought [of course,obtained from the net],that the price of Gold in the Currency of any Nation is:-
Money supply M0 M1 M2 or M3 divided by the stock of Gold with the Central bank of that nation. 

India's Gold stock is reported to be about 550MT out of which about 192 MT is with the IMF,bought on book basis.

MONEY SUPPLY M1	20031.00							INR BILLION
MONEY SUPPLY M2	20081.42							INR BILLION
MONEY SUPPLY M3 The price Gold is very high,as per this method.	92063.80