❖ The Reserve Bank of India (RBI) has moved approximately 100 tonnes (1 lakh kilograms) of gold from the United Kingdom to its vaults in India.

❖ This is the first time since 1991 that India has undertaken such a large-scale transfer of gold reserves.

❖ More than half of the RBI’s gold reserves are held overseas in secure custody with the Bank of England and the Bank of International Settlements.

❖ Approximately one third is stored domestically.

❖ The central bank held 822.10 tonnes of gold as part of its foreign exchange reserves as of March 31, 2024.

❖ India will now hold most of its gold in its own vaults.