Recently, the Reserve Bank of India (RBI) has transferred 100 tonnes of gold from its vaults in the UK to its domestic vaults in India. This is the first time since early 1991 when such a large amount of precious metal was added to India’s stock.According to the report, In the upcoming months, another similar amount of gold can be added to the country. 

• RBI’s gold price reserve holds around 822.1 tonnes of gold till march 2024.
• Among this 822.1 tonnes of gold, 413.8 tonnes were held overseas, particularly with the Bank of England and the Bank for International Settlements (BIS).
• This recent transfer is part of a broader initiative to repatriate and secure these assets domestically.
• According to the central bank’s annual report for FY24, which was made public on Thursday, more than 308 metric tonnes of gold are kept in India as collateral for notes that are issued, and an additional 100.28 tonnes are kept domestically as departmental assets for the banking sector.