The Reserve Bank of India (RBI) has categorically denied media reports claiming that it has sold a portion of its gold reserves. In an official clarification issued on Thursday, the central bank stated that such reports are incorrect and do not reflect the actual position of its gold holdings.
The clarification comes after certain sections of the media carried reports suggesting that the RBI had sold gold from its reserves. Responding to these claims, the RBI emphasized that there has been no change in its physical stock of gold, which continues to stand at 880.52 tonnes.
Official copy of the clarification is as follows
The Reserve Bank of India (RBI) has come across reports in certain sections of the media about RBI’s sale of gold. The RBI emphasizes that these reports are not correct.
In this context, it is clarified that the physical stock of gold is disclosed by RBI in its Monthly Bulletin. The latest edition is available on the RBI website here, and the physical stock of gold remains unchanged at 880.52 tonnes as on date.
Members of public are, therefore, advised to rely on official information published by RBI from time to time in such matters.
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