RBI Relocates 100 Tons of Gold from UK to India, More Expected The Reserve Bank of India (RBI) has relocated over 100 tons of gold from the UK to its vaults in India, marking the first such move since 1991. This significant transfer is part of a plan that may see a similar quantity of gold brought to India in the coming months. Historically, more than half of RBI’s gold reserves were held overseas with the Bank of England and the Bank of International Settlements, but recent logistical efforts, involving extensive coordination with multiple government departments, have successfully returned a portion of these reserves to India. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Powell's Friday Jackson Hole Address: Decoding the Fed's Next Move READ MORE Nasdaq 100 at Risk? Citi Strategists Flag Potential Tech Sell-Off READ MORE McDonald’s CEO Promises ‘Affordability’ Amid $18 Big Mac Combo Backlash READ MORE Oil Prices Climb as Middle East Tensions Escalate Before OPEC+ Meeting READ MORE Macquarie: Gold Outperforms Despite Diminished Rate Cut Expectations READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment