You are here
India's central bank denies Bloomberg report it sold gold
By Anup Roy
Wednesday, June 3, 2026
India's central bank said a report that it's selling gold is "not correct," pointing to data showing its physical stock of gold has remained unchanged.
Latest figures in the Reserve Bank of India's Monthly Bulletin show the stock of physical gold was steady at 880.52 metric tons during April. The stock was at that level "as on date," the central bank said in a statement today.
... Dispatch continues below ...
... ADVERTISEMENT ...
Are you ready to safeguard your assets using precious metals?
Hero Bullion is a precious metals dealer with an extensive inventory of competitively priced gold, silver, and platinum products.
We didn't get into this business just to sell metals. Our goal is to educate investors to help them make sounder financial decisions. For four years we have focused on educational resources, competitive prices, and reliable, secure shipping.
Check out our reviews. Hero Bullion is quickly becoming a favorite of customers all over the country. We're committed to helping you cut through the hype and build your portfolio with high-quality, affordable precious metals.
Visit us here: www.herobullion.com
Hero Bullion: Gold and silver simply delivered
Separately, the Press Information Bureau said in a post on X that the share of gold in India's foreign exchange reserves rose to 16.7% by March 31 from about 14% at the end of September.
Bloomberg Economics estimated in a report Tuesday that the central bank likely sold gold reserves worth about $12 billion in the two weeks through May 22, while buying $7.5 billion of foreign-currency assets.
Latest data up to the end of March shows the RBI held about 77% of its gold locally, up from 66% in September.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
