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India Brings back 100 Tonne Gold from UK | Indian Gold will Stay in India!

Gold News | India Economy | RBI Moves 100 Tonnes Gold From UK To Its Vaults In India

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RBI Brings Home Some Gold | RBI brings back 100 tonnes of gold from overseas vaults of 500 tonnes. Sources suggest that the central bank may bring back more gold, except what is needed for swap & for emergencies.

The Reserve Bank of India (RBI) has shifted over 100 tonnes of gold from the UK to its vaults in the country. This is the first time since 1991 that the precious metal has been added to the stock kept in the country. More than half of RBI’s gold reserves are held overseas in safe custody with the Bank of England and the Bank of International Settlements, and about a third of it is stored domestically. Gold is seen as a safe haven asset, and keeping it domestically might signal the RBI’s confidence in the stability of the Indian economy. Storing gold domestically could also save the RBI money on storage fees paid to foreign custodians like the Bank of England.

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भारतीय रिज़र्व बैंक ने ब्रिटेन से 100 टन से ज्यादा सोना वापस भारत लाकर एक बड़ा कदम उठाया है. यह 1991 के बाद की सबसे बड़ी वापसी है, जब इतने बड़े पैमाने पर सोने का भंडार वापस लाया गया है

The Reserve Bank of India has brought home a little over 100 tonnes of gold from the UK, This is the biggest return since 1991, when gold reserves have been brought back on such a large scale.

India's Gold reserves, where india store gold, Bank of England, how much india has gold reserve, गोल्ड रिजर्व, AT2 VIDEO

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