PM Modi is appealing not to buy gold, why did RBI bring 150 metric tons of gold from Britain? Understand what is going on, the whole game

of India Prime Minister Narendra Modi A few days after the victory of West Bengal, as soon as he appealed to the Indians not to buy gold for one year, it was as if a storm had come. It seems as if Rahul Gandhi, the leader of the opposition in the Parliament, is hell-bent on cashing in on Modi’s words overnight… because after the defeat in the state assembly elections, he is not able to show his face to the Congress and its supporting parties.

In all this noise and noise, no one is ready to understand that within a few years Reserve Bank of India i.e. RBI (Reserve Bank of India) After all, why was 150 metric tons of gold taken out from a British bank overnight and brought back to India? To get an important answer to this question, Read Hindi’s Editor Investigation Sanjeev Chauhan had an exclusive conversation with the country’s famous industrialist, economist and professional chartered accountant Dr. Sharad Kohli in New Delhi.

“Opponents just want a chance”

According to Dr. Sharad Kohli, “If Modi ji opens his mouth even a little, then it becomes a big issue for the political opposition parties… because the very weak opposition does not have any important and public interest topic or issue left. I can say that ever since Prime Minister Modi i.e. BJP has taken over the power in West Bengal by giving a blow to the Trinamool Congress Party, it seems as if the opposition is in a state of disarray.”

Why the noise after assembly elections?

Dr. Sharad Kohli said, “Now after dealing with the state assembly elections, as soon as Modi ji has appealed to the countrymen on an open platform to return to work-from-home and not to invest in gold for a year, opposition leader Rahul Gandhi has started making noise on social media. He is busy day and night trying to mislead the common people by spreading Modi ji’s gold statement among them.”

Kohli said, “However, Rahul Gandhi or any other anti-Modi leader or party will not be able to cash in on the issue of Modi ji not buying gold for a year, because along with the appeal of Modi ji not buying gold for a year, he has also made it clear why he is appealing to the Indians not to buy gold for a year.”

Why not buy gold now?

Famous economist Dr. Kohli said, “As far as the question of whether to buy gold now or not is concerned, we should do only what is in our own and the country’s interest. Modi ji has made it clear that the situation in the central and western countries is very critical. In such a situation, which way will the world’s camel sit at the global level in the coming few days or months? We will have to look at it from today itself and move forward. If we do not pay attention to the possible crisis in tomorrow itself, then we may get into trouble. Modi ji said in a The appeal to the countrymen not to buy gold for a year is not made with the intention of buying gold and keeping it in their homes.”

Why doesn’t the opposition know the real issue?

Sharad Kohli said, “The issue on which the opposition should talk is that in just a few years, why did the Reserve Bank of India bring back 150 metric tons of gold kept in the British bank for a long time back to India? Either Modi’s opponents are not aware of this or they (Modi’s staunchest opponents like Rahul Gandhi) do not know the seriousness of this issue, due to which they are sitting silent as mute spectators.”

Why don’t you take a closer look?

In response to a question from Read Hindi, famous economist Dr. Sharad Kohli said, “If you look closely, in the last few years, the Central Banks of all the countries of the world have started rapidly increasing their gold reserves. Under this, the RBI has not only purchased gold on a large scale, but has also brought back a large part of the gold kept in foreign banks, especially the British Bank, back to India. According to an estimate, at present India has “Bank of India has 880 metric tonnes of gold as reserve, which is a historic thing in itself.”

“RBI figures are gossiping about themselves”

Dr. Sharad Kohli said, “All of these facts are also confirmed by the half yearly data released by the Reserve Bank of India itself, according to which, till March 2026, the RBI had 880.52 metric tons of gold reserve, out of which 680.05 metric tons of gold was already in domestic storage, whereas if we look at the data of March 2025, the Reserve Bank of India then had 879.59 metric tons of gold. was safe in its reserves, out of which 511.99 metric tonnes of gold reserves were already present within the country.”

“Our gold is still in foreign banks”

Kohli said, “By adding and subtracting all these available data, it is very easy to estimate that in the last year alone, 168 metric tons of gold with India (in the possession of RBI) was brought back to India from abroad. Which can be said or considered to be a huge number. However, more than the gold that has been brought back, India’s gold is still kept safe with foreign banks.”

Why is Rahul Gandhi talking baseless things?

In a long exclusive conversation with Read Hindi, Dr. Sharad Kohli further says, “Now who should ask Rahul Gandhi or any distraught opposition or opposition leader that he is unnecessarily trying to pull out all the fuss about Modi ji’s appeal to the countrymen not to buy gold for a year. Why does no one want to know why the Reserve Bank of India is bringing back its gold in such large numbers from foreign banks?”

Dr Kohli said, “Since the anti-Modi political parties and their leaders are not seeing any hot news in such a large number of gold reserves being brought back to India, then it is possible that they have not understood this international and economics related issue. Therefore, how can they (leaders like Rahul Gandhi) have any discussion on such a huge reserve of gold that has been brought back by India from foreign banks?”

The truth about RBI and Indian gold

According to Dr. Sharad Kohli, “If you ask the truth and according to the available data, there was a domestic reserve of 301.10 metric tons of gold in March 2023, which increased to 408 metric tons of gold as a domestic reserve just one year later i.e. in 2024. The Reserve Bank is continuously bringing back the gold kept safe in foreign banks. Apart from this, a large amount of gold that is still kept safe in foreign banks by India will be withdrawn in March 2023 itself. More than 437 metric tons of gold is kept safe with the Bank of Europe and BIS i.e. Bank for International Settlements. If we look at the rough figures, India has so far brought back more than 150 metric tons of gold from foreign banks from March 2023, 2024, 2025 to March 2026.

That’s why gold is being brought to India from abroad.

According to Dr. Sharad Kohli, “The day-to-day changing geo-politics and many wars in the Middle East and the West can also be one of the reasons behind the continuous return of gold reserves from abroad to the country. In times of unrest, bringing back such huge reserves of gold safely to our country is no less than fighting a war in a war. Therefore, if India has gradually returned some of the weight of gold kept safe in foreign banks in time, then it would be wrong.” Nothing, because gold reserves play an important role in keeping any country safe during war and bad economic times. India itself is an example of this.

Dr. Kohli said, “When in the early 1991s, only 1.2 billion dollars of reserves were left, which was a tough target even from the import point of view, now the same gold reserves are worth 691 billion dollars by 2026, which is a record. This will play an important role in keeping India safe from instability.”