Government Debunks Fake News On RBI Gold Reserves
By: Nikhil Pandey
3 June 2026
The Centre rejected reports claiming RBI sold gold to protect India's foreign exchange reserves.
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x.com/PIBFactCheck
The claim originated from a Bloomberg Economics analysis citing publicly available reserve data.
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Bloomberg estimated RBI sold approximately twelve billion dollars worth of gold before May twenty-two.
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Government fact-checkers labelled the report fake and urged reliance on official RBI sources.
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RBI clarified its physical gold stock remains unchanged at eight-hundred-eighty-point-five-two tonnes currently.
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Officials highlighted gold's share within forex reserves increased steadily during recent months significantly.
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Gold represented 13.92 percent reserves in September 2025, rising by May 2026.
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Authorities said monthly RBI bulletins clearly disclose physical gold holdings and reserve data.
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Speculation emerged amid rupee pressures, capital outflows, and geopolitical tensions affecting markets.
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RBI emphasized media reports about gold sales were incorrect and misleading for investors.
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