·
·
Economy
India has brought back 104.2 metric tons of gold from abroad, while PM Modi urges citizens to adopt pandemic-style restrictions as the Strait of Hormuz blockade disrupts global oil supplies.
India’s central bank, the Reserve Bank of India, has repatriated 104.2 metric tons of gold from overseas storage between October 2025 and March 2026, according to the Times of India. This latest transfer follows the return of roughly 280 tons of gold between 2023 and 2025, including 64 tons in mid-2025 and approximately 100 tons from Britain.
Against the backdrop of escalating tensions in the Middle East, Prime Minister Narendra Modi has called on the public to revive certain restrictions reminiscent of the COVID-19 pandemic era. These measures include working from home, reducing petrol consumption, refraining from purchasing gold, and avoiding foreign travel.
The crisis stems from a de facto blockade of the Strait of Hormuz, a critical chokepoint for oil and liquefied natural gas shipments from Gulf states to global markets. The disruption has hit oil exports and production, sending fuel and industrial commodity prices soaring across much of the world.
