RBI denies selling $12 billion in gold, says physical reserves remain unchanged at 880.52 tonnes

The clarification from RBI comes following reports that the RBI may have sold gold amounting to approximately $12 billion to shield its foreign-currency reserves from the impact of the ongoing conflict in West Asia

The central bank said reports claiming it sold gold worth about $12 billion were incorrect, adding that its physical gold holdings remained unchanged at 880.52 tonnes

The RBI has issued a clarification on gold stock holdings in India, noting that speculation over the central bank's sale of the precious metal reserves is “not correct” and that India's gold stock holdings “remain unchanged”.

Debunking reports of gold sale, the Reserve Bank of India on Wednesday said there is no change in the physical stock of gold, which remains unchanged at 880.52 tonnes. The clarification from the Reserve Bank of India (RBI) comes following reports that the RBI may have sold gold amounting to approximately USD 12 billion to shield its foreign-currency reserves from the impact of the ongoing conflict in West Asia. "The RBI emphasises that these reports are not correct," the central bank said in a statement. Members of the public are, therefore, advised to rely on official information published by the RBI from time to time in such matters, it said. Meanwhile, the Press Information Bureau also published a fact-check on the reports. According to @RBI, the share of gold in India's foreign exchange reserves rose from 13.92 per cent at the end of September 2025 to 16.70 per cent on March 31, 2026, and further to 16.85 per cent as of May 22, 2026, it said.