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India Brings 100 Metric Tonnes Of Gold Back From UK, Fills RBI Vaults

India Brings 100 Metric Tonnes Of Gold Back From UK, Fills RBI Vaults

NDTV
Friday, May 31, 2024 11:55:50 AM UTC

This is one of the biggest movements of gold undertaken by the country since 1991, when pledging a substantial part of the gold holding to tide over a foreign exchange crisis resulted in its movement out of India.

India has moved 100 metric tonnes of its gold stored in the UK to domestic vaults in FY24, sources said today.

This is one of the biggest movements of gold undertaken by the country since 1991, when pledging a substantial part of the gold holding to tide over a foreign exchange crisis resulted in its movement out of India.

The country's overall gold holding increased 27.46 metric tonnes in FY24 and it stands at 822 metric tonnes, as per official data.

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