News of RBI selling gold is false: PIB Fact Check

Citing RBI data, PIB Fact Check stated that the share of gold in India's foreign exchange reserves has been steadily increasing

by e4m Staff
Published: Jun 3, 2026 4:25 PM | 1 min read

The Reserve Bank of India (RBI) has been reported by Bloomberg to have sold gold worth approximately $12 billion, a claim that has been dismissed as false by PIB Fact Check.
PIB Fact Check stated that the share of gold in India's foreign exchange reserves has actually increased, from 13.92% at the end of September 2025 to 16.70% by March 31, 2026.
The RBI provides monthly updates on its physical gold stock, and no significant changes have been confirmed regarding gold sales.
The government has clarified that there has been no significant sale of India's gold reserves, labeling the claims circulating on social media and in some reports as completely false.

A Bloomberg report recently claimed that the Reserve Bank of India (RBI) sold gold worth approximately $12 billion. PIB Fact Check has now dismissed this claim as completely false. Posting on the social media platform X, PIB stated that the RBI's claim of selling gold is false and misleading.

Citing Reserve Bank of India (RBI) data, PIB Fact Check stated that the share of gold in India's foreign exchange reserves has been steadily increasing. This share was 13.92% at the end of September 2025, and increased to 16.70% by March 31, 2026. By May 22, 2026, this figure will reach 16.85%.

PIB Fact Check also stated that the RBI releases physical gold stock information in its monthly bulletin, and no changes have been confirmed. The government has clarified that there is no significant sale of India's gold reserves. Therefore, the claims being made on social media and in some reports are completely false.

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, 2026