India returns gold reserves to its homeland en masse

11:15 - 12.05.2026


May 12, Fineko/abc.az. India has begun the process of returning its gold reserves from abroad, ABC.AZ reports, referring to The Times of India.

"From October 2025 to March 2026, the Reserve Bank of India (RBI) returned 104.2 metric tons of gold to the country. Between 2023 and 2025, RBI has already delivered about 280 tons back, including 64 tons in mid-2025 and approximately 100 tons from the UK," the newspaper informs.

Amid the worsening crisis in the Middle East, Indian Prime Minister Narendra Modi has taken the initiative to return to measures typical of pandemic COVID-19. He suggested that residents refrain from traveling abroad, reduce the purchase of gold, reduce the use of gasoline and work from home.