Knews Desk- The Reserve Bank of India (RBI) has completely rejected the reports which claimed that the central bank has sold gold worth $12 billion to save foreign exchange reserves. RBI has clarified that there has been no reduction in India’s gold reserves and the physical stock of gold remains as stable as before.
In fact, an international report claimed that amidst the ongoing tension in West Asia and global economic conditions, India has sold some part of its gold to protect its foreign exchange reserves. The report said that gold worth about $12 billion was sold. As soon as this news came out, discussions intensified in the financial world.
Responding to these claims, RBI issued a press release saying that such reports circulating in the media are completely false and misleading. The central bank said that as of June 3, 2026, India’s physical gold reserves are stable at 880.52 tonnes and there has been no reduction in it. RBI appealed to the people to rely only on official information issued by the central bank in such matters.
In this case, the Press Information Bureau (PIB) has also issued a fact check and termed the report as fake. According to PIB, the share of gold in India’s foreign exchange reserves has continuously increased. It was 13.92 percent at the end of September 2025, which increased to 16.70 percent by March 31, 2026. By May 22, 2026, this figure reached 16.85 percent.
RBI also reiterated that it makes public the complete data related to gold reserves in its monthly bulletin and at present the country’s gold reserves are completely safe and unchanged.
Comments are closed.