New Delhi, June 3: The Reserve Bank of India (RBI) has categorically dismissed media reports claiming that the central bank sold a portion of its gold reserves. The RBI clarified that its physical gold reserves remain unchanged at 880.52 tons.
In a statement released on the social media platform X, the RBI stated that some media outlets had incorrectly reported the sale of gold. The central bank emphasized that information regarding its gold reserves is regularly published in its monthly bulletins, confirming that the current stock of physical gold remains stable at 880.52 tons.
The RBI also pointed out that detailed information about its gold reserves is available in the monthly bulletin, which can be accessed on the RBI’s official website. The bank reiterated that there has been no reduction in its physical gold reserves to date.
Furthermore, the central bank urged the public to rely on the official information released periodically by the RBI rather than believing in such misleading news.
In a related development, the Press Information Bureau (PIB) fact-checking unit also issued a clarification. The PIB stated on X that some reports claimed the RBI had sold gold worth approximately $12 billion, which is entirely false.
According to PIB data, the share of gold in India’s foreign exchange reserves has been steadily increasing. As of the end of September 2025, gold accounted for 13.92 percent of the foreign exchange reserves, rising to 16.70 percent by March 31, 2026, and further increasing to 16.85 percent by May 22, 2026.
Previously, an international media report, citing Bloomberg, suggested that the RBI might have sold gold worth around $12 billion over a two-week period ending May 22 to purchase foreign currency assets. This report sparked various discussions in the market.
However, both the RBI and PIB have refuted these claims, clearly stating that there has been no reduction in India’s gold reserves and that the country’s 880.52 tons of gold remain completely secure.
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