The Reserve Bank of India’s gold reserves parked overseas have dropped to a six-year low, with 47% of total at the end of March. The RBI started bringing gold to India in March 2022, coinciding with the Russia-Ukraine war. This follows a global trend of central banks becoming cautious after the US government froze Russian foreign currency assets.
Thanks a bullion, RBI will take it from here; overseas gold reserves at 6-yr low
