Dhanteras Delight: 102 Tonnes of Gold Shifted to India, Says RBI

Dhanteras Delight: 102 Tonnes of Gold Shifted to India, Says RBI

In Two Years, 214 Tonnes Moved from Bank of England
The Reserve Bank of India (RBI) announced that it has brought 102 tonnes of gold from the Bank of England’s vaults in London to secure locations within India. This move aligns with the trend of Indian households acquiring gold during Dhanteras for investment and cultural purposes.
As of the end of September, RBI held 855 tonnes of gold, with 510.5 tonnes now stored domestically. Over the past two years, 214 tonnes have been transferred from overseas, marking a strategic decision by the RBI and the government to hold assets locally amid global geopolitical tensions and economic uncertainties.
This secure transfer involved extensive security measures and a special aircraft mission to ensure safety and confidentiality.
Festive Boost in Sales of Electronics, Gold, and Cars
Dhanteras also saw increased consumer spending on electronics, gold, and cars, bringing much-needed cheer to the retail and automotive sectors. Popular car brands like Maruti Suzuki, Hyundai, and Tata Motors reported high foot traffic and strong sales. In the electronics sector, premium smartphones, TVs, and jewellery saw increased demand, with Tanishq reporting sales surpassing last year’s figures.