RBI denies reports of gold sale, says holdings remain unchanged

The Reserve Bank of India (RBI) on Wednesday rejected media reports claiming that it has sold gold, insisting its stock of the yellow metal remained unchanged at 880.52 tonnes, as on date.

 

The physical stock of gold remained the same since April 03, 2026.

 

A media report had said that the RBI may have sold gold amounting to about $12 billion.

 

The RBI released data to show its gold stock increased from 880.34 tonnes in the week ended March 20, 2026, to 880.52 tonnes in the week ended April 3, 2026. The stock has been unchanged since then. There was a marginal increase from 879.58 tonnes as of the week ended May 2, 2025.

 

 

The value of gold held as part of the country’s foreign exchange reserves increased by nearly $40 billion over the past year to about $120 billion, largely due to higher gold prices.

 

Latest data shows India’s foreign exchange reserves were at $681 billion as on May 22, 2026.

 

“The Reserve Bank of India has come across reports in certain sections of the media about RBI’s sale of gold. The RBI emphasises that these reports are not correct,” said the central bank in a statement. “Members of public are, therefore, advised to rely on official information published by RBI from time to time in such matters,” it added.