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RBI shifts another 102 tonnes of gold from England to boost domestic holdings



On this Dhanteras, which marks the beginning of Diwali festivities with people buying gold and silver, the Reserve Bank of India (RBI) revealed that it has shifted another 102 tonnes of gold from the Bank of England’s vaults in London to secure locations within India.

This comes months after the RBI on May 31 this year, for the first time since early 1991, flew over 100 tonnes of gold from the UK to its vaults in India.

Just like the last time, the RBI and the Indian government undertook a secret mission involving special aircraft and detailed security arrangements to move the gold, taking all cautious measures to ensure that the information is not leaked out.




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