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The Press Information Bureau (PIB) has dismissed as "fake" a media report citing an analysis by Bloomberg Economics that suggested the Reserve Bank of India (RBI) may have sold gold worth nearly $12 billion to protect the country's foreign-currency assets amid the fallout of the Iran conflict. PIB said official RBI data shows the share of gold in India's foreign exchange reserves has increased in recent months, while the central bank's physical gold holdings remain unchanged.
In a fact-check post on X, PIB rejected the claim and cited official RBI data to clarify the status of India's gold holdings. The government said the share of gold in India's foreign exchange reserves has actually increased in recent months, rising from 13.92 per cent at the end of September 2025 to 16.70 per cent on March 31, 2026, and further to 16.85 per cent as of May 22, 2026.
<blockquote>A news report published by <a href="https://x.com/Bloomberg?ref_src=twsrc%5Etfw">@Bloomberg</a> states that RBI may have sold gold amounting to approximately USD 12 billion.<a href="https://x.com/hashtag/PIBFactCheck?src=hash&amp;ref_src=twsrc%5Etfw">#PIBFactCheck</a>
 This claim is FAKE
 According to <a href="https://x.com/RBI?ref_src=twsrc%5Etfw">@RBI</a>, the share of gold in India's foreign exchange reserves rose from 13.92% at end-September 2025 to 16.70%… <a href="https://t.co/eVjxPxEv1i">pic.twitter.com/eVjxPxEv1i</a>
— PIB Fact Check (@PIBFactCheck) <a href="https://x.com/PIBFactCheck/status/2062053440512286889?ref_src=twsrc%5Etfw">June 3, 2026</a></blockquote>
<script async="" src="https://platform.x.com/widgets.js" charset="utf-8"></script>PIB also noted that the RBI regularly discloses its physical gold stock through its Monthly Bulletin and stated that the latest available data shows no change in the central bank's gold holdings.
The clarification came in response to a Bloomberg report citing an analysis by Bloomberg Economics, which suggested that the RBI may have sold gold worth around USD 12 billion to shield India's foreign-currency assets from the impact of the Iran conflict.
Refuting the claim, PIB said RBI data shows no change in the central bank's physical gold holdings and that the share of gold in India's foreign exchange reserves has continued to rise.
For verified updates on India's reserves and monetary policy, PIB advised the public to refer to the RBI's official website, Reserve Bank of India.

The Press Information Bureau (PIB) has dismissed as "fake" a media report citing an analysis by Bloomberg Economics that suggested the Reserve Bank of India (RBI) may have sold gold worth nearly $12 billion to protect the country's foreign-currency assets amid the fallout of the Iran conflict. PIB said official RBI data shows the share of gold in India's foreign exchange reserves has increased in recent months, while the central bank's physical gold holdings remain unchanged.In a fact-check post on X, PIB rejected the claim and cited official RBI data to clarify the status of India's gold holdings. The government said the share of gold in India's foreign exchange reserves has actually increased in recent months, rising from 13.92 per cent at the end of September 2025 to 16.70 per cent on March 31, 2026, and further to 16.85 per cent as of May 22, 2026.A news report published by @Bloomberg states that RBI may have sold gold amounting to approximately USD 12 billion.#PIBFactCheck This claim is FAKE According to @RBI, the share of gold in India's foreign exchange reserves rose from 13.92% at end-September 2025 to 16.70%… pic.twitter.com/eVjxPxEv1i— PIB Fact Check (@PIBFactCheck) June 3, 2026PIB also noted that the RBI regularly discloses its physical gold stock through its Monthly Bulletin and stated that the latest available data shows no change in the central bank's gold holdings.The clarification came in response to a Bloomberg report citing an analysis by Bloomberg Economics, which suggested that the RBI may have sold gold worth around USD 12 billion to shield India's foreign-currency assets from the impact of the Iran conflict.Refuting the claim, PIB said RBI data shows no change in the central bank's physical gold holdings and that the share of gold in India's foreign exchange reserves has continued to rise.For verified updates on India's reserves and monetary policy, PIB advised the public to refer to the RBI's official website, Reserve Bank of India.

The clarification came in response to a Bloomberg report citing an analysis by Bloomberg Economics, which suggested that the RBI may have sold gold worth around USD 12 billion to shield India's foreign-currency assets from the impact of the Iran conflict.

Did RBI sell $12 billion worth of gold to protect forex reserves? Key takeaways from PIB fact check 

news-did-rbi-sell-12-billion-worth-of-gold-to-protect-forex-reserves-pib-fact-checks-claim-396573

The Press Information Bureau (PIB) has dismissed as fake a media report citing an analysis by Bloomberg Economics that suggested the Reserve Bank of India (RBI) may have sold gold worth nearly $12 billion to protect the countrys foreign-currency assets amid the fallout of the Iran conflict. PIB said official RBI data shows the share of gold in Indias foreign exchange reserves has increased in recent months, while the central banks physical gold holdings remain unchanged. In a fact-check post on X, PIB rejected the claim and cited official RBI data to clarify the status of Indias gold holdings. The government said the share of gold in Indias foreign exchange reserves has actually increased in recent months, rising from 13.92 per cent at the end of September 2025 to 16.70 per cent on March 31, 2026, and further to 16.85 per cent as of May 22, 2026. A news report published by @Bloomberg states that RBI may have sold gold amounting to approximately USD 12 billion.#PIBFactCheck  This claim is FAKE  According to @RBI, the share of gold in Indias foreign exchange reserves rose from 13.92% at end-September 2025 to 16.70%… pic.twitter.com/eVjxPxEv1i — PIB Fact Check (@PIBFactCheck) June 3, 2026 PIB also noted that the RBI regularly discloses its physical gold stock through its Monthly Bulletin and stated that the latest available data shows no change in the central banks gold holdings. The clarification came in response to a Bloomberg report citing an analysis by Bloomberg Economics, which suggested that the RBI may have sold gold worth around USD 12 billion to shield Indias foreign-currency assets from the impact of the Iran conflict. Refuting the claim, PIB said RBI data shows no change in the central banks physical gold holdings and that the share of gold in Indias foreign exchange reserves has continued to rise. For verified updates on Indias reserves and monetary policy, PIB advised the public to refer to the RBIs official website, Reserve Bank of India.

The clarification came in response to a Bloomberg report citing an analysis by Bloomberg Economics, which suggested that the RBI may have sold gold worth around USD 12 billion to shield Indias foreign-currency assets from the impact of the Iran conflict.