India has accelerated the return of gold from foreign vaults

The Reserve Bank of India has accelerated the return of national gold from foreign vaults in order to reduce external risks and reduce dependence on Western financial jurisdictions. This is reported by The Times of India newspaper.

"Three years ago, only 38% of the country's gold reserves were stored, and by March 2026 this figure had reached 77%," the publication says.

According to the publication, from October 2025 to March 2026, India returned 104.2 tons of gold. In total, in 2023-2025, the central bank transported about 280 tons to the country, some of which were previously in British storage facilities.

Currently, India has about 880 tons of gold, of which about 680 tons have already been moved from Western jurisdictions. At the same time, about 200 tons are still under the control of the Bank of England and the Bank for International Settlements.

One of the reasons for the accelerated repatriation is the freezing of Russian sovereign assets by Western countries in 2022. In addition, Delhi is considering alternative storage sites, including Singapore and Dubai, which reduces dependence on the United States and the United Kingdom.

According to The Times of India, the return of gold should also strengthen investor confidence in the Indian economy and strengthen the country's position in the event of the creation of a BRICS payment unit.

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This could result in serious reputational losses for Washington.

Indian Prime Minister Narendra Modi said earlier in the day that in the face of the approaching economic crisis, residents of the country need to save resources. Among other things, he called for avoiding unnecessary purchases of gold throughout the year to prevent unnecessary outflows of foreign currency.