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RBI dismisses gold sale rumours; reserves steady
Financial Express Mumbai
|June 04, 2026
DEBUNKING REPORTS OF gold sale, the Reserve Bank of India on Wednesday said there is no change in the physical stock of gold, which remains unchanged at 880.52 tonnes.
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The clarification from the Reserve Bank of India (RBI) comes following reports that the RBI may have sold gold amounting to approximately USD 12 billion to shield its foreign-currency reserves from the impact of the ongoing conflict in West Asia.
This story is from the June 04, 2026 edition of Financial Express Mumbai.
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