RBI clarifies on gold holdings; Physical stock of gold remains unchanged at 880.52 tonnes as on date
New Delhi, June 3
The Reserve Bank of India clarified that its physical stock of gold remains unchanged at 880.52 tonnes as on date, refuting recent media reports that claimed the central bank sold a portion of its reserves. The clarification comes in response to speculation regarding the management of the country's foreign exchange assets.
RBI official statement noted "The Reserve Bank of India (RBI) has come across reports in certain sections of the media about RBI's sale of gold," The central bank further stated, "The RBI emphasizes that these reports are not correct."
According to the central bank, the actual volume of its gold holdings is regularly updated and made accessible to the public through its standardized publication channels.
"In this context, it is clarified that the physical stock of gold is disclosed by RBI in its Monthly Bulletin," the central bank said. "The latest edition is available on the RBI website. The physical stock of gold remains unchanged at 880.52 tonnes as on date."
Amid these reports, the central bank cautioned against relying on unverified claims regarding its reserve management operations.
"Members of public are, therefore, advised to rely on official information published by RBI from time to time in such matters," the statement noted.
The clarification follows a media report by a news agency claiming that the central bank sold gold worth approximately USD 12 billion over a two-week period ending May 22, 2026. The report suggested that the alleged sale was an effort to shore up India's foreign exchange reserves and protect them amid pressure on the rupee and a rising import bill. Earlier in the day, Finance Ministry sources told ANI that such a report had been denied by the central bank.
Data from the central bank showcased that the proportion of gold within the overall foreign exchange reserves experienced an upward trajectory over recent months rather than a decline. According to RBI, the share of gold in India's foreign exchange reserves rose from 13.92 per cent at end-September 2025 to 16.70 per cent on March 31, 2026.
The central bank data further showed that this share increased to 16.85 per cent as of May 22, 2026. Weekly statistical supplements from the central bank for the period leading up to late May showed total reserves fluctuating between USD 686,064 million and USD 703,308 million, while foreign currency assets remained above USD 550,000 million and gold value figures stood above Rs 113,000 crore.
— ANI
Reader Comments
As a financial analyst, I appreciate RBI's transparency. Gold holdings at 880.52 tonnes is impressive - but what's more interesting is that gold share in reserves has actually increased from 13.92% to 16.85%. Shows smart diversification strategy in current global uncertainty. Well played, RBI! 📈
I'm more concerned about why such baseless rumors circulate in the first place. Is someone trying to manipulate markets? RBI should investigate the source of this misinformation. Our forex reserves are strategic assets - these reports can cause unnecessary panic. 🤔
Good to see RBI being proactive in clarifying. But I wish they'd also share more details on how they're managing the overall reserves given the rupee pressure. Gold is safe, but what about our foreign currency assets? Need more transparency across the board, please.
Interesting to see RBI's gold holding strategy. 880 tonnes is solid but India should consider following China's example of increasing gold reserves further. With geopolitical tensions and dollar uncertainty, gold provides essential stability. 🇮🇳💪
Actually, the real worry is not about gold sales but about why our rupee is under so much pressure that people even believed this rumor. RBI needs to address the fundamental issues - import bill management, export competitiveness. Gold is just one piece of the puzzle, na? 😅
A < We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.