RBI moves over 100 tonnes of gold from UK to India for the first time since 1991.

The Reserve Bank of India (RBI) moved over 100 tonnes of gold from the UK to its domestic vaults for the first time since 1991, citing logistical and diversified storage reasons. RBI plans to bring more gold to India in the coming months. Currently, the RBI holds approximately 822.1 tonnes of gold, with 413.8 tonnes held overseas. This move will help the RBI save storage costs paid to the Bank of England.

May 30, 2024
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