RBIs gold pile tops $100 billion on surging bullion prices

MUMBAI, Oct 17 (Reuters) Indias gold reserves crossed the $100 billion mark for the first time, according to the RBI (Reserve Bank of Indias) latest foreign exchange reserves data, buoyed by a global price rally even as the central banks purchases slowed sharply this year. Indias gold holdings rose by $3.595 billion to $102.365 billion in the week through October 10, RBI data showed on Friday, while overall foreign exchange reserves declined $2.18 billion to $697.784 billion. The share of gold in Indias total reserves climbed to 14.7%, the highest since 1996-97, according to traders. Golds share in Indias