The clarification comes after a recent Bloomberg report, citing Bloomberg Economics estimates, suggested that the RBI may have sold nearly $12 billion worth of gold in the two weeks ended May 22 amid a decline in India’s foreign exchange reserves.
In a press release, the central bank said it had come across reports in certain sections of the media about RBI’s sale of gold and emphasised that such reports were not correct.
“The physical stock of gold remains unchanged at 880.52 tonnes as on date,” the RBI said, adding that details of its gold holdings are disclosed regularly through its Monthly Bulletin.
The central bank advised members of the public to rely on official information published by the RBI from time to time on such matters.
Data published in the RBI’s Monthly Bulletin show that the volume of gold held by the central bank has remained at 880.52 metric tonnes since the week ended April 3, 2026. The stock stood at 880.34 tonnes in late March before rising to 880.52 tonnes and has remained at that level since.
While the quantity of gold held by the RBI has remained unchanged, the value of its gold reserves has fluctuated in line with movements in international gold prices. As of April 24, 2026, the value of the RBI’s gold holdings stood at $120.24 billion (₹11.33 lakh crore), compared with $122.13 billion (₹11.35 lakh crore) a week earlier.
According to the latest foreign exchange reserves data published by the RBI, gold accounted for $120.24 billion of India’s total reserves of $698.49 billion as of April 24, 2026.
The central bank reiterated that information on its gold holdings is available through its official publications and website, and urged the public to refer to those disclosures for accurate information.
