RBI Dismisses Report of Gold Sales, Confirms Physical Reserves Remain Unaltered at 880.52 Tonnes

Reserve Bank of India Denies Selling Gold Holdings

The Reserve Bank of India (RBI) has refuted media reports suggesting it may have sold a portion of its gold reserves, stating that its physical stock of gold remains unchanged at 880.52 tonnes. In a statement posted on X, the central bank emphasized that these reports are incorrect and urged the public to rely on official information released by it.

The RBI noted that details of its physical gold holdings are disclosed regularly through its Monthly Bulletin, with the latest edition available on the RBI website. The central bank reiterated that the physical stock of gold remains unchanged at 880.52 tonnes as of the current date.

In addressing the issue, the Press Information Bureau's (PIB) Fact Check unit also called claims that the RBI had sold gold worth approximately $12 billion "fake". The PIB cited RBI data showing a rise in the share of gold in India's foreign exchange reserves, from 13.92 per cent at end-September 2025 to 16.70 per cent on March 31, 2026, and further to 16.85 per cent as of May 22, 2026.

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The RBI advises the public to rely on official information published by it in such matters, as earlier media reports, citing an analysis by Bloomberg Economics, claimed that RBI may have sold around $12 billion worth of gold in the two weeks through May 22 while purchasing foreign-currency assets.