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India Brings Most of RBI’s Gold Home, Lifting Domestic Share to 77%

The shift reflects a drive to cut custody risk for bullion kept within easy reach.

Overview

  • The RBI, which disclosed Thursday in its half-yearly reserves report, now stores 680.05 tonnes in India out of 880.52 tonnes in total.
  • It repatriated 104.23 tonnes in the six months to March 2026, taking the 2025–26 total moved home to 168.06 tonnes.
  • Gold’s share of India’s foreign exchange reserves rose to about 16.70% from 13.92% six months earlier as prices climbed.
  • About 197.67 tonnes remain with the Bank of England and the BIS to keep access to liquid bullion markets, with 2.80 tonnes held as deposits.
  • Policymakers cite lessons from asset freezes after 2022 as a key driver, with parallel moves reported in countries such as France and Poland.