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RBI refutes USD 12 billion gold sale reports, says reserves remain unchanged
Updated On: 03 June, 2026 02:24 PM IST | Mumbai | mid-day online correspondent
The government, through the Press Information Bureau's Fact Check unit, also rejected the claims, highlighting that gold's share in India's foreign exchange reserves has actually increased over the past several months
RBI clarifies no gold was sold. Representational Pic
The Reserve Bank of India (RBI) and the Central government on Wednesday strongly rejected reports claiming that nearly USD 12 billion worth of gold was sold to protect India's foreign currency reserves amid the ongoing tensions in West Asia.
स्वर्ण धारिता संबंधी स्पष्टीकरण
— ReserveBankOfIndia (@RBI) June 3, 2026
Clarification on gold holdingshttps://t.co/JrCUhWWEHo
"The RBI emphasises that these reports are not correct," the central bank said, urging the public to rely on official information released by the RBI and official government agencies on such matters.
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