The Reserve Bank of India (RBI) has dismissed reports claiming it sold gold from its reserves to maintain foreign currency levels amid the West Asian conflict. The central bank clarified that its physical gold holdings remain unchanged at 880.52 metric tonnes as of March 31, 2024, up from 879.58 tonnes the previous year. The RBI noted that the share of gold in total foreign exchange reserves has actually increased to 16.85% by May 2024. Officials urged the public to rely only on official data regarding the country's reserves. https://www.prajavani.net/business/commerce-news/rbi-denies-selling-gold-reserves-4033358 #creator program