India's central bank may have sold part of its gold holdings to protect foreign-currency reserves, as suggested by Bloomberg Economics' analysis of publicly available data.
RBI sold $12 billion worth of gold: Report
Jun 03, 2026
10:09 am
What's the storyThe Reserve Bank of India (RBI) may have sold a portion of its gold reserves to protect its foreign-currency assets from the impact of the ongoing US-Iran conflict in West Asia.
An analysis of publicly available data by Bloomberg Economics suggested that the central bank sold about $12 billion worth of gold and bought $7.5 billion in foreign-currency assets during two weeks ending May 22.
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