Key Highlights
- RBI denies reports of selling gold worth $12 billion.
- Physical gold reserves remain unchanged at 880.52 tonnes.
- PIB Fact Check labels gold sale reports as fake.
- Gold’s share in India’s forex reserves increased to 16.85% as of May 22, 2026.
- RBI urges citizens to verify information through official sources.
- India’s gold reserves continue to strengthen despite global economic uncertainties.
The Reserve Bank of India (RBI) has clarified that reports circulating in sections of the media regarding the sale of India’s gold reserves are incorrect. The central bank stated that its physical gold holdings remain unchanged at 880.52 tonnes as of date.
The clarification came after reports suggested that the RBI may have sold gold worth approximately $12 billion. The RBI emphasized that the physical stock of gold is regularly disclosed in its Monthly Bulletin and no reduction has taken place in the country’s gold reserves.
Supporting the RBI’s statement, a PIB Fact Check also termed the claims as fake and misleading. According to RBI data, the share of gold in India’s foreign exchange reserves has actually increased from 13.92% in September 2025 to 16.70% as of March 31, 2026, and further to 16.85% as of May 22, 2026.
The RBI advised the public to rely only on official information released by the central bank and avoid unverified reports circulating on various platforms.
