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Exploring RBI's reasons for storing gold in London, including recent transfers to domestic vaults. The significance of London's gold market and infrastructure, and the historical evolution of RBI's gold storage decisions
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- RBI stores gold in London for market liquidity and security reasons.
- Geopolitical risks prompt RBI to repatriate some gold to India for de-risking strategy.
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Reason for RBI Storing Gold in London
RBI stores a significant amount of its gold, including over 400 metric tons, in London due to the city's reputation as a global trading hub for gold. London offers a highly liquid market for gold transactions, ensuring competitive prices and security. The Bank of England's advanced security measures and the oversight of the LBMA further enhance the reliability of storing gold in London. Over centuries, London has established itself as a central hub for gold trading, making it an ideal choice for institutions like the RBI to store and trade gold globally.
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