RBI Brings Back 100 Tonnes Of Gold From Overseas Vaults | CNBC TV18

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RBI Brings Home Some Gold | RBI brings back 100 tonnes of gold from overseas vaults of 500 tonnes. Sources suggest that the central bank may bring back more gold, except what is needed for swap & for emergencies. Latha Venkatesh with more details.

#rbi #gold #overseasgold #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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high risk storing gold in foreign soil, especially now, and especially UK.

unitrustinvestment
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You are not saying why does India keep its gold abroad, which can be confiscated any time or why did India send its gold to London

DipakBose-bqvv
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How dare India bring back gold from the UK? Who are you?

dachochiyo
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453.5 tonnes of gold are held overseas and are held with the Bank of England and the Bank of International Settlements (BIS) while only 295.82 tonnes of gold is kept domestically in Nagpur. India's 650 billion dollars worth of Forex reserves is also held in western banks which can easily be frozen or seized. India should buy gold worth at least 200 billion dollars and we should stockpile gold within India by bringing back gold stored overseas. But the west will never allow this to happen. India also has bought 236 billion worth of junk US treasury bonds. Shouldn't India sell off some of it to reduce the risk?

agarwalamit