India is rapidly repatriating its gold reserves, moving the bulk from overseas vaults back to domestic custody. The push is fueled by concerns about trust and the need for stronger control, echoing a wider global shift toward physical sovereignty. With wealth more readily accessible during uncertainty, the plan is reshaping what “safety” means in international finance.
The Reserve Bank of India is accelerating the onshoring of its bullion reserves, aiming to bring nearly 77% of its gold home by March 2026. RBI has already repatriated a large portion and the decision follows global concerns about holding sovereign gold abroad after recent events, with several countries moving to return their reserves.
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