India Brought Back 100 Metric Tonnes of Gold in Response to Trump? A Fact-Check

The RBI had brought back the gold by the end of March 2025.

Fact-Check | The claim of India bringing back gold lacks proper context.

(Photo: Altered by The Quint)

A report purportedly from Times Now Navbharat is being circulated on social media platforms with a claim that India has recently brought back 100 metric tonnes of gold from overseas vaults.

What does the viral post say?: Those sharing the claim have said that the move comes as a reply to United States President Donald Trump, who had recently announced tariff hike on India.

An archive of the post can be found here.

(Source: Facebook/Screenshot)

(Archives of similar such claims can be viewed here and here.)

What is the truth?: The claims lacks proper context.

• While India did bring back 100 metric tonnes of gold from foreign vaults in the financial year 2024-2025, it predates the tariff imposed by President Trump on India.

India bringing back gold: Team WebQoof conducted a simple keyword search on Google and found a news report published by Moneycontrol.

• It said that the Reserve Bank of India (RBI) brought back 100.32 metric tonnes of gold to India from overseas vault.

• This took the total physical holding of gold in India to 200.06 metric tonnes for the financial year 2024-25.

• The report further mentioned that the move came at a time of global uncertainty, especially the US, which has undergone political changes.

The report was published on 26 June 2025.

(Source: Moneycontrol/Screenshot)

What did the annual report show?: The RBI's annual report for FY25 showed that the total physical holding of Gold in India (as on 31 March 2025) is 879.58 metric tonnes.

• While 311.38 metric tonnes have been held by the government as backing for notes issued in the country, the remaining 568.20 is held as asset of the banking department.

• Out of 879.58 metric tonnes, 200.60 has been held in India and 367.60 has been held abroad.

• This means that India did bring back 100 metric tonnes in the this financial year.

This shows the annual report for FY24-25.

(Source: RBI/Screenshot)

It should be noted that President Trump's tariff on India came into effect in August 2025, while the RBI brought back gold by the end of the financial year 2024-25 (end of March 2025). This means that the claim of RBI bringing back gold to India as a retaliatory move is misleading.

What about the news report?: We performed a keyword search in Hindi on YouTube and found the full version of the news report uploaded on the official YouTube channel of TIMES NOW Navbharat.

• It was posted on 1 June 2024 and its title said, "Sushant Sinha|News Ki Pathshala: That step of PM Modi which is bringing back the Golden Days of India!."

Conclusion: It is evident that the claim of RBI bringing back gold to India as a reply to US President Trump's tariff hike is misleading.

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