>$22 billion [...] is likely a conservative estimate [...] the panel is simple counting and weighing the valuables. "Their value, including antique value, is not being assessed"

A quick back of the envelope calculation indicates $22 billion corresponding to 450 metric tons of gold. This is an immense quantity: India's current gold reserve is about 615 tons [1], and there were recent years when it dropped under 400. I will take this report with a grain of salt until it receives very strong confirmation.

[1]http://en.wikipedia.org/wiki/Gold_reserve#Officially_reporte...