The Reserve Bank of India (RBI) has issued a statement refuting reports that it sold gold worth approximately $12 billion, confirming that its physical gold reserves remain unchanged at 880.52 tonnes. This clarification comes amid speculation that the RBI may have liquidated gold to mitigate the effects of the ongoing conflict in West Asia on its foreign-currency reserves.
“The RBI emphasises that these reports are not correct,” the central bank stated. It further advised the public to rely on official communications released by the RBI for accurate information in such matters.
Additionally, the Press Information Bureau conducted a fact-check regarding these claims. The RBI highlighted that the proportion of gold in India’s foreign exchange reserves increased from 13.92% at the end of September 2025 to 16.70% by March 31, 2026, and further rose to 16.85% as of May 22, 2026.
This development underscores the RBI’s commitment to transparency and accuracy in reporting its financial holdings.
Published on June 3, 2026.
