The Reserve Bank of India (RBI) has moved over 100 tonnes of gold from the UK to its domestic vaults, a first since 1991. Another similar shipment is expected soon. With a total of 822.1 tonnes of gold, the RBI holds 413.8 tonnes overseas. The decision reflects a shift in strategy as the RBI began acquiring gold in recent years. Emotionally significant for Indians, gold was pledged during the 1991 balance of payments crisis. Customs duty exemptions facilitated the transfer, but GST was still levied. This move not only strengthens India’s economic confidence but also reduces storage expenses with the Bank of England.