New Delhi: The Reserve Bank of India (RBI) has denied reports claiming it sold gold worth $12 billion (about Rs 1.15 lakh crore) from its reserves.
The speculation surfaced amid fluctuations in the rupee’s value against the US dollar, with some sections of the media suggesting the central bank had offloaded gold to manage the situation. The Finance Ministry also dismissed the claim.
Official figures cited by the ministry show the RBI’s total gold holdings increased, not decreased. Gold reserves stood at 879.58 metric tonnes as of March 31, 2025, and rose to 880.52 metric tonnes as of March 31 this year—an increase of 0.94 metric tonnes.
In a statement, the RBI said the reports were incorrect and categorically denied any sale of gold. It added that gold reserve details are published in its monthly reports and noted that holdings remain at 880.52 tonnes as of today, urging the public to rely only on official releases.
