I just saw this wild story about RBI selling off huge amount of gold and for second,it really made me go wait,what? The claim was for like $12 billion,not small thing ah.
But then Press Information Bureau or PIB stepped in on June 3,2026 to clear the air completely . They put out detailed post on X and basically said the whole story was based on misinformation.
This whole thing started from some media report suggesting a big sale of gold by RBI . And you know how these things spread,one person shares and then it just goes everywhere without anyone checking facts.
And this is where official data is so important . According to RBI,the share of gold in India's foreign exchange reserves has actually increased,not decreased . It went from 13.92% at the end of September 2025 to 16.85% as of May 22,2026. So,completely opposite of what rumor said.
The PIB also pointed out that RBI regularly updates its physical gold holdings in its Monthly Bulletin . As of April 24,2026,the data showed India's gold reserves were around 880 metric tonnes . The numbers are right there.
Few things to note from this situation:
- The value of gold reserves rose from $81.82 billion to about $120.24 billion within a year.
- PIB is urging public to rely on official RBI communications for accurate data.
- Official data shows the share of gold in foreign exchange reserves has been steadily rising.
And tbh,it’s a good thing they clarified so fast.
RBI reassured everyone that its gold stock is stable and no big sale has happened . bank explained that the rise in value of gold reserves is because of valuation gains and some adjustments in how they compose the reserves. Not because they sold anything.
It just shows how fast financial misinformation can spread and create panic for no reason . One wrong report gets picked up and suddenly it's national issue.
And you have to wonder,who benefits from starting these kinds of rumors about country's finances . It just creates so much unnecessary distrust…
