An international conspiracy to project India’s economic stability in a weak light on the global stage has been completely exposed. The Reserve Bank of India (RBI) issued a definitive statement on Wednesday, June 3, 2026, categorically denying baseless rumors and media reports claiming that the central bank had liquidated a significant portion of its gold reserves to support the foreign exchange matrix. The RBI confirmed that India’s physical gold reserves remain completely intact and secure at 880.52 tonnes. Additionally, the Government’s Press Information Bureau (PIB) Fact Check unit officially labeled the viral reports as completely fake, malicious, and misleading.
The controversy erupted following a report by a Western media syndicate, which alleged that the RBI had sold nearly $12 billion worth of gold over the past fortnight to protect the domestic currency amid global economic pressures stemming from the ongoing West Asian geopolitical conflict. Seizing upon this false report, domestic left-wing ideologues and pseudo-economists immediately began spreading panic across social media networks. However, the RBI’s latest monthly bulletin delivered a crushing blow to these rumor-mongers. The official data reveals that gold’s share within India’s total foreign exchange reserves actually increased from 13.92% in September 2025 to 16.70% by March 31, 2026, and climbed further to 16.85% as of May 22, 2026.
Nationalist financial experts and economic analysts emphasize that under the robust policies of the Prime Minister Narendra Modi government, India’s sovereign treasury is experiencing its most secure phase in history. Driven by soaring global gold prices, the total valuation of India’s gold reserves has surged from Rs 6.91 lakh crore to an unprecedented Rs 11.33 lakh crore. Antagonistic global forces and anti-India lobbies are simply unable to digest the reality that India’s forex reserves continue to stand at record highs despite global recessions and foreign wars, leading to the planting of fabricated narratives to spook domestic markets. The RBI has strictly advised citizens and institutional investors to reject unverified foreign reports and rely solely on the central bank’s official periodic declarations.