RBI Brings Home Gold: Over 65% Now Held in India
Why in the news
The central bank has been moving more of its gold home, lifting the domestically held portion well above earlier levels.
Key facts
- Body: Reserve Bank of India.
- Domestic share: over 65% of holdings now kept in India.
- Comparison: roughly twice the share of four years earlier.
- Reason: tighter control over national bullion assets amid uncertain global geopolitics.
Significance
Holding more gold at home gives the central bank greater control of its reserves when world politics is unsettled.
Exam angle
- Institution: RBI; asset: gold reserves.
- Domestic holding: above 65%.
- Driver: geopolitical uncertainty.