Hat-trick for the RBI: More than 100MT of India's Gold Brought Back to India for the Third Year in a Row

Udaipur, May 02, 2026: For the third year in a row, the Reserve Bank of India has brought back more than 100MT of the country's gold back into India. As per reports, the RBI brought back 168.06 metric tonnes (MT) of its gold in 2025-26. In 2024-25, the RBI had brought 103.68MT and in 2023-24, the RBI had brought 107.21MT of gold to India.

The gold was being held at the Bank of England and Bank for International Settlements. As a result of these latest transfers of the yellow metal, the Indian banking regulator now domestically holds 77% of its 880.52MT of gold, worth USD 122 billion. In March 2023, this number was 38%.

This move of the RBI to hold more gold domestically, was triggered by Russia's invasion of Ukraine in 2022. In the aftermath of the attack, the US froze Russia's dollar foreign exchange reserves and this triggered a policy shift by central banks around the world, including the RBI. The revised approach, to hold more non-dollar denominated foreign currency assets. As per the World Gold Council's Gold Reserves Survey, 59% Central Banks preferred domestic storage for their gold reserves. However, despite the domestic transfers, the overall gold holding of the RBI has increased only by 10% as compared to other countries who have invested in gold heavily following the geopolitical situation.

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