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RBI Gold Repatriation: The RBI has transported 102 tonnes of gold back to India from the UK, strengthening national reserves amid rising geopolitical tensions
Boosts Gold Reserves with RBI gold Repatriation worth 102 tonnes
Marking Dhanteras with a significant financial shift, the Reserve Bank of India confirmed the repatriation of 102 tonnes of gold from the Bank of England to secure facilities within India. This brings India’s total domestic gold holdings to 510.5 tonnes.
Strategic Move Driven by Geopolitical Concerns
With 324 tonnes of reserves still held abroad, the RBI’s decision reflects rising concerns over asset safety amid global uncertainties. Officials state that securing these reserves domestically offers better protection against geopolitical risks.
The Journey of India’s Gold Reserves: A Shift in Policy
Since September 2022, India has repatriated 214 tonnes, emphasizing a proactive approach to wealth security. While historically gold was pledged in emergencies, today’s moves highlight a strategy focused on domestic stability.