The RBI has clarified that recent reports suggesting it sold a portion of its gold reserves are incorrect.
- India’s gold holdings remain unchanged at 880.52 tonnes.
- The physical stock of gold continues to be held as reported in RBI’s official records.
- Gold reserve data is regularly disclosed through the RBI’s Monthly Bulletin.
- The central bank has urged the public to rely only on official RBI communications.
The clarification comes after media reports sparked speculation about a possible sale of RBI’s gold reserves.
Surprised it escalated so much that RBI has to come out with a clarification
To put RBI’s 880 tonnes into perspective.
The 35,000 tonnes of gold estimated to be held in Indian households is based on official research studies; the actual, undocumented amount could be up to five times over.
35,000 tonnes is itself an estimate. The actual number could be higher, but 5x more sounds like a stretch unless there’s solid data to back it up. India loves gold, but 175,000 tonnes would be massive.
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There are estimates and then there are hyperbole. This one looks more like later 
World produces around 3000 ton of gold a year (it was much lesser 20-30 years back)
For India to own175K ton, means India bought all the gold produced by world in last 100 years. Unrealistic.
Alternately in last couple of years, India imports around 800 ton of gold annually (pretty less earlier). And since domestic production is negligible, it would mean we should have import around same quantity for last 200 years to build cache of 175K ton
Either way, no data supports this undocumented amount.
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