RBI brings back more than 100 tonnes of gold stored in ‘Bank of England’ for several years

New Delhi – The Reserve Bank of India has brought back more than 100 tonnes of gold belonging to India, which was stored in the ‘Bank of England’. The Reserve Bank is increasing the amount of gold in the country’s treasury to maintain the financial stability in the country in the future.

According to the fresh figures, the RBI held 822.1 tonnes of gold till the end of March. Out of this, 413.8 tonnes of gold were secured abroad. Now, the same gold is being brought gradually to India. The ‘Bank of England’ has been the largest repository in the world for all central banks since long time. Even India has been keeping gold in the Bank of England since independence.