The Reserve Bank of India (RBI) has repatriated 102 tonnes of gold from the Bank of England's vaults back to India, citing rising global tensions.
This marks the second gold transfer since May, with a total of 214 tonnes moved since 2022. Currently, the RBI holds 855 tonnes of gold, with 510.5 tonnes stored within India. The recent decision aligns with top officials’ concerns about safeguarding India’s reserves, reflecting a growing trend towards securing assets domestically. The Bank of England, where RBI’s gold was stored, manages around 5,350 tonnes across nine underground vaults.