RBI Gold Reserves Remain Steady at 880.52 Tonnes, Central Bank Denies Sale Reports

India's central bank has dismissed reports claiming that it sold a portion of its gold reserves. The Reserve Bank of India (RBI) on June 3, 2026, clarified that its physical gold stock remains unchanged at 880.52 tonnes and that media reports suggesting a gold sale are inaccurate.

The clarification comes after reports alleged that the RBI had offloaded gold worth nearly US$12 billion. The Press Information Bureau (PIB) Fact Check team also termed the claim false, reassuring investors that no such transaction had taken place.

Gold Reserves Rise in Value Despite Stable Holdings

While the quantity of gold held by the RBI has remained largely unchanged, the value of these reserves has increased significantly over the past year due to rising global gold prices.

RBI data shows that the value of its gold reserves rose from ₹6.91 lakh crore in May 2025 to over ₹11.33 lakh crore by April 2026. In dollar terms, the value increased from $81.82 billion to $120.24 billion during the same period.

The share of gold in India's foreign exchange reserves also increased from 13.92% in September 2025 to 16.85% as of May 22, 2026, reflecting the growing importance of gold in the country's reserve portfolio.

What It Means for Investors

The RBI's clarification removes concerns about any large-scale liquidation of India's gold reserves. The sharp increase in reserve value has been driven primarily by higher gold prices rather than changes in the quantity of gold held.

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Conclusion

The RBI and PIB Fact Check have firmly rejected claims that India has sold part of its gold reserves. With gold holdings remaining stable at 880.52 tonnes and reserve values rising due to stronger gold prices, the central bank's latest statement provides reassurance to investors and reinforces confidence in India's reserve management strategy.

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