RBI Shifts 100 Tonnes of Gold from London to India | Vantage with Palki Sharma

RBI Shifts 100 Tonnes of Gold from London to India | Vantage with Palki Sharma

India's central bank - the RBI - has shifted 100 tonnes of gold from the Bank of England in London to its vaults in India. This is the first time such a move has been made since 1991. Some of India's gold reserves have been stored at the Bank of England since independence, the rest was moved in the 1990s amid India's balance of payment crisis. London, being a key gold market, has been a popular destination for central banks around the country to store their gold reserves. But why did India decide to bring 100 tonnes of its reserves back home? Where will this gold be stored? What does it say about India's economic health? Palki Sharma tells you.

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India | Reserve Bank of India | Gold | UK | Bank of England | Firstpost | World News | Vantage | Palki Sharma

#india #gold #england #rbi #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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[lelouchlamperouge]

Remember the golden rule, ‘whoever has the gold makes the rule.’ ✌️

[wramper]

Hasn't India learned from Venezuela's and Russia's experience??? DO NOT LET FOREIGNERS HOLD YOUR ASSETS!!!

[DonatellaVersace]

Every week I buy more bitcoin because i believe it would surge after the halving, but could Gold be the safest buys other than BTC & APPL in terms of growth with $150, 000 to outperform the market this year?

[johnson]

I have watched many documentaries about India and its history. I'm happy for the country and it's ties to gold. Well done.

[masdchannel]

Good for India nothing like having your wealth at home.greetings from Mexico

[pietdutoit]

Well done India! (from a South African)

[Manselus-uykz]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[reemashah]

Palki, you are the reason why women watch news and men adore you

You have become a fresh air for people like us to breathe in the news rooms crowd

[jeffersongeorge]

Well done India. A country that continues to prove they are truly sovereign and independent.

[luzer]

India is very smart. Every other country should get their gold currently stored in the US and Britain back to their country as soon as possible.

[VanessaFloyd-ttyg]

Certainly. Exchange-Traded Funds (ETFs) are popular for long-term investments due to their diversified nature. ETFs offer exposure to a wide range of assets, such as stocks, bonds, or commodities, which can help reduce risk. Some top choices for long-term investing include broad market index ETFs, sector-specific ETFs, and bond ETFs, as they provide potential for growth and income over an extended period while minimizing the risk associated with individual stocks.

[FredMeyer-noji]

Excellent video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do

[sandilranadeera]

I'm happy about india. You guys have come a long way

[SK-wgsw]

It is estimated that Indian households are sitting on 27, 000 tons of gold. The figure does not include the Reserve Bank of India’s gold reserves of over 800 tons.

[hh-uvkr]

What are the best additions to a $500k portfolio to boost performance?, ETH is Up and will do better, I believe as indicators for profits continue to improve. investors like me believe that “Santa has come early” to the markets

[aleksla]

Bravo for India and BRICS and de dolarisation of Worlds economy.

[sudhageoege]

The west had frozen Russian assets. So RBI is bringing back a portion of its gold in Bank of England back to India. Many Central Banks of many countries store their gold in Bank of England by paying storage fees. There is also possibility of a black swan event in near future .

[hmdahyderabad]

I am KalyanaRam from Hyderabad - Congratulations to all Indians and well done Reserve Bank of India

[adijkhady]

Thank goodness you brought this up!
Truly, :nvesting has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life.
Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!..

[aryaahpatel]

Giving our gold to UK was like giving robbers your wealth to safe keeping 😂.... also in todays critical geopolitics you cannot trust your wealth with any other country... good for India 👏👍 Smart move!