Why did RBI move 100 tonnes of gold from the UK to Indian Vaults? | WION Originals

The Reserve Bank of India (RBI) has moved over 100 tonnes of gold from the UK to its domestic vaults. It marks the first time at least since early 1991 when the precious yellow metal at this scale has been added to the stock held locally, according to media report.

#india #rbi #uk

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[josesonnyrama]

Good day to everyone that's very smart moved by India as of the moment. Hopefully other country will do same as India decision.

[wynnhorton]

For some reasons, many countries used to store their gold in the USA. I think that was central bank related.

[lavanyasenthil]

The Reserve Bank of India (RBI) moved 100 tonnes of gold from the Bank of England's vaults to its own vaults in India as part of its efforts to diversify its foreign reserves and reduce its exposure to the risks associated with keeping all its gold reserves in one location. By bringing a significant portion of its gold reserves back to India, the RBI aims to enhance the security and control over its gold holdings, as well as potentially benefit from any appreciation in the value of gold over time.

[wokenessendedintheyear]

@raijinenel3116, what was the GDP of the British Isles when the Roman Empire Colonized it from the year 41 A.D to 410 A.D?

[rgar]

We have sold our gold reserves when we were moving into a debt trap when Mr Narasima Rao was PM. Could be similar situation prevails in UK and they encashing our reserve with UK.

[wokenessendedintheyear]

If I were to post the amount of Gold, Diamonds, Silver, and other Precious Minerals which were looted out of Bharat in the past 1000 Plus Years, People will faint. Add that with the Internal Looting which happened after 1947 in the form of Various Scams. Tens of Thousands of Crores were looted since the year 1947.

[rovinmangal]

Should be given to India, British stole all indias gold

[sydgvkx]

SATYAM SHIVAM SUNDARAM SATYA HI SHIV HAI SHIV HI SUNDAR HAI 🎉

[wokenessendedintheyear]

What was it doing in the U.K in the first place?

[ແກ້ວແກ້ວ-ອບ]

Best decision because you can't you can't trust Thief to take care of your gold.

[rgar]

Truth if west disowned something it should not be without good reason. It means gold is loosing its value as well. It costs to hold on to gold ...protection and insurance. And cannot be liquidated when it comes to large quantities without incurring a loss. It is valued and cherished only in India more particularly in south and that too in Tamilnadu. Another reason it grows over time in places where it is mined and can be safely stored for thousands of years. No one talks about it only the miners knows this secret. Over the years the buildup of gold as reserves should be quite phenomenal.

[aaazmeshowkathali]

Is it possible Indian currency become strong,

[kalijasin]

We have an Indian here in the USA who’s trying to be a white supremacist. She goes by the name Nikki Haley. Her real name is Nimarata Randhawa.

[dragonfly]

Beacouse India asked for it before all its Gold will be stolen by the USA ..other nations are going the same wayb, hoping they will be able to get their Gld back, that U.S?A. Has been usng itvfor theirvown profit ….Good luck world .❤❤