An employee places a storage tray containing two hundred and fifty gram gold bars. (Photographer: Akos Stiller/Bloomberg)

No Gold Shifted Outside India In 2014 Or Thereafter, Says RBI

The Reserve Bank of India on Friday said no gold was shifted outside the country in 2014 or thereafter, refuting media reports that the central bank shifted abroad a part of its gold reserves in the said year.

It is a normal practice for central banks world over to keep their gold reserves overseas with central banks of other countries--like Bank of England--for safe custody, the RBI statement read.

“It is further stated that no gold was shifted by RBI from India to other countries in 2014 or thereafter. Thus the media reports cited above are factually incorrect,” the statement read.

The Congress tweeted a report regarding shifting of 200 tonne of RBI gold reserves to Switzerland in 2014.

“Did the Modi govt secretly transport 200 tonnes of RBI's gold to Switzerland in 2014?,” the party had tweeted while tagging the report.