RBI confirms that its physical gold stock is disclosed in its Monthly Bulletin and remains 880.52 tonnes as of the stated date.

For FY2025-26, RBI data show a net sale of $53.13 billion in the spot foreign exchange market, the highest net dollar sale in a financial year, with gross sales totaling $195 billion.

RBI data indicate the share of gold in India’s foreign exchange reserves rose from 13.92% at the end of September 2025 to 16.70% on March 31, 2026, and to 16.85% as of May 22, 2026.

The Reserve Bank of India clarifies it did not sell gold and that its gold reserves remained steady at 880.52 tonnes as of the week ended April 24, 2026, addressing media reports of a $12 billion sale.

A Press Information Bureau fact-check corroborates the RBI’s clarification and publicises the denial of the gold sale rumors.

Prior reports had claimed growing gold reserves in recent years, with the RBI diversifying its foreign exchange reserves and ending-March 2026 gold holdings at 880.52 tonnes, much of which is stored domestically.

RBI also reported that India’s total foreign exchange reserves increased by about $80 billion from the week ended May 2, 2025 to $658 billion as of the week ended April 24, 2026.

The report notes that despite no gold sales, RBI conducted significant foreign exchange operations in FY26 as part of its broader reserve management.

The central bank urges the public to rely on official RBI information for matters related to reserve holdings.

The clarification follows media reports amid concerns about West Asia conflicts impacting India’s reserves, which fueled rumors of drastic gold sales.