
RBI dismisses gold sale rumours, physical reserves steady at 880.52 tonnes

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The Reserve Bank of India (RBI) has dismissed rumors regarding the sale of gold, confirming that its physical reserves remain steady at 880.52 tonnes. This clarification addresses reports suggesting a $12 billion sale to protect foreign-currency reserves amid West Asian conflicts. The RBI emphasized these reports are incorrect and advised relying on official data. Concurrently, the Press Information Bureau fact-checked the claims, noting that gold's share in India's forex reserves increased from 13.92% in September 2025 to 16.85% by May 2026.

