The Finance Ministry has debunked reports claiming that the RBI sold $12 billion worth of gold to stabilize the rupee. According to the RBI’s 2025-26 annual report, gold reserves actually increased to 880.52 metric tons from 879.58 metric tons in the previous year. India's foreign exchange reserves also grew to $691.11 billion by March 2026. The increase in the value of gold holdings is attributed to rising global gold prices and currency fluctuations, contradicting rumors of a massive gold sell-off.
https://www.punjabitribuneonline.com/news/business/explainer-gold-reserve-what-is-the-real-truth-about-the-sale-of-12-billion-worth-of-gold-by-the-indian-central-bank-know-what-sources-in-the-finance-ministry-said/ #Creator program


