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- RBI Rejects Claims of $12 Billion Gold Sale, Says India's Gold Stock Remains Unchanged
RBI Rejects Claims of $12 Billion Gold Sale, Says India's Gold Stock Remains Unchanged
| Jun 03, 2026, 03:11:24 PM | TOI.in
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The Reserve Bank of India has dismissed reports claiming it sold gold worth $12 billion to support foreign exchange reserves. The clarification comes after a report suggested the central bank may have reduced part of its gold holdings amid global uncertainty. RBI stated that India's physical gold stock remains unchanged at 880.52 tonnes, while PIB's fact-check termed the claims fake and pointed out that gold's share in India's forex reserves has increased to 16.85 percent. Here's a detailed look at the controversy, the facts, and what RBI's reserve data actually shows.
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