Reserve Bank of India (RBI) Governor Shaktikanta Das clarified the transfer of 100 metric tonnes of gold reserves from the UK to India, citing sufficient domestic storage capacity. The move marks one of the largest gold movements since 1991, aimed at consolidating reserves within the country. Das emphasized the recent trend of increasing gold purchases by the RBI, prompting the decision to utilize domestic storage facilities. With the country’s total gold holdings reaching 822 metric tonnes, the shift signifies a balanced distribution between domestic and foreign reserves. The move aligns with the RBI’s strategy to optimize gold reserves while ensuring robust financial security.