Bindra, 26, became the first Indian athlete to win an individual gold medal when he won the 10 metre air rifle event in the Chinese capital last year.

It was also India's first Olympic gold medal since its men's hockey team won the hockey title at the Moscow Games in 1980.

Bindra said: "It is indeed a great honour and pride for India."

The Queen's Baton Relay is a curtain raiser to every Commonwealth Games since 1958.

The baton relay will take off from London on October 29 and will then travel through the 70 other countries and territories that are due to compete in the Commonwealth Games next year.

The ceremony at Buckingham Palace will also be attended by India's President Pratibha Devisingh Patil.

On arrival at the opening ceremony in Delhi, the baton would have traveled over 190,000 km over 340 days and this will make the Baton Relay one of the longest in the history of the Commonwealth Games.

The relay will conclude with the final baton-bearer entering the Jawaharlal Nehru Stadium during the opening ceremony of the Games on October 3, 2010.