In an official press release issued on June 3, 2026, the RBI clarified that India’s gold reserves remain fully intact and secure.

Key Highlights and Important Details

Below are the major points based on official statements and data released by the RBI and the Press Information Bureau (PIB):

Misleading Claim Circulated Online: Several social media posts and media platforms, citing a Bloomberg Economics assessment, claimed that the RBI had sold a significant quantity of gold to maintain liquidity in India’s foreign exchange reserves amid the Iran-US conflict and rising crude oil prices.

Fact Check Rejects the Claim: The PIB Fact Check has labelled the entire claim as FAKE. The RBI has also clarified that reports suggesting the central bank sold gold reserves are completely incorrect and do not reflect the actual position of India’s reserve holdings.

Gold Share in Foreign Exchange Reserves Has Increased

According to official RBI data, the share of gold in India’s foreign exchange reserves has been steadily rising:

• At the end of September 2025: 13.92%
• As of March 31, 2026: 16.70%
• As of May 22, 2026: Increased further to 16.85%

These figures indicate that the proportion of gold in India’s reserve portfolio has grown rather than declined.

RBI Statement on Reports of Gold Sale

The Reserve Bank of India stated:

“The Reserve Bank of India (RBI) has taken note of certain reports appearing in sections of the media claiming that the RBI has sold gold. The RBI clarifies that these reports are not correct.

Information regarding the RBI’s physical gold stock is published every month in its Monthly Bulletin. The latest edition is available on the RBI website:
https://www.rbi.org.in/Scripts/BS_ViewBulletin.aspx?Id=24213”

RBI Gold Holdings Remain Unchanged

According to the RBI, its physical gold stock continues to remain unchanged at 880.52 tonnes. The central bank has confirmed that there has been no reduction in its gold reserves and that reports claiming otherwise are inaccurate.

Public Advisory

In light of the misinformation circulating online and on certain media platforms, the RBI has advised the public to rely only on official information released by the central bank from time to time. Investors and citizens are encouraged to verify such claims through RBI publications and official government fact-checking channels before accepting or sharing them.

FAQ’s

1. Did the RBI sell 12 billion dollar worth of gold in May 2026?
No. The RBI has officially denied reports claiming it sold 12 billion dollar worth of gold from its reserves. The central bank described such reports as false, misleading, and without factual basis.

2. What did the RBI say about the gold sale reports?
In its June 3, 2026 press release, the RBI clarified that media reports suggesting it had sold gold reserves were incorrect. It reaffirmed that India’s gold reserves remain secure and unchanged.

3. How much gold does the RBI currently hold?
According to the RBI, its physical gold stock remains unchanged at 880.52 tonnes. The central bank confirmed that there has been no reduction in its gold holdings despite claims circulating online.

4. Has the share of gold in India’s foreign exchange reserves increased?
Yes. Official RBI data shows that gold’s share in India’s foreign exchange reserves increased from 13.92% in September 2025 to 16.70% in March 2026, and further to 16.85% by May 22, 2026.

5. How can investors verify RBI gold reserve information?
Investors and the general public should rely on official RBI publications, including the RBI Monthly Bulletin and government fact-checking channels such as PIB Fact Check. These sources provide verified and updated information regarding India’s gold reserves and foreign exchange holdings.

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