The Reserve Bank of India (RBI) has officially refuted reports suggesting a sale of its gold reserves, asserting that the physical stock remains consistent at 880.52 tonnes. This clarification addresses speculation that the central bank may have divested gold worth approximately USD 12 billion to safeguard foreign-currency reserves against the economic impacts of ongoing geopolitical conflicts in West Asia.
Information was available with The Chenab Times that the central bank issued a statement on Wednesday emphasizing the inaccuracy of these circulated reports. The RBI stressed that there has been no alteration in its physical gold holdings. Members of the public have been advised to consult only official communications released by the RBI for authentic information regarding its reserves and financial operations.
The Press Information Bureau (PIB) also conducted a fact-check on the aforementioned reports, corroborating the RBI’s stance. According to data shared by the RBI, the proportion of gold within India’s total foreign exchange reserves has seen an upward trend. This share increased from 13.92 per cent at the conclusion of September 2025 to 16.70 per cent by March 31, 2026. The upward trajectory continued, with the gold component reaching 16.85 per cent as of May 22, 2026, indicating a steady build-up rather than a sale.
The Reserve Bank of India, as the custodian of the nation’s foreign exchange reserves, regularly monitors and manages its asset portfolio to ensure financial stability and economic resilience. Gold constitutes a significant component of these reserves, often serving as a hedge against currency fluctuations and global economic uncertainties. The RBI’s proactive clarification aims to prevent the spread of misinformation that could potentially impact market sentiment or public confidence in the country’s financial management.
The Indian central bank’s commitment to transparency in its operations is demonstrated through its regular publications and official statements. This incident underscores the importance of relying on verified sources for financial news and policy-related information. The RBI’s adherence to maintaining stable physical reserves is a key indicator of its financial prudence and strategic planning in managing the nation’s economic health amidst evolving global dynamics.
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The Chenab Times News Desk
