The Reserve Bank of India (RBI) announced a significant decline of $2.19 billion in the value of its gold reserves for the week ending May 29, 2026, bringing the total value to $112.60 billion. This drop led to market speculation regarding a potential sale of gold, which RBI Governor Sanjay Malhotra dismissed, asserting that the central bank's physical gold holdings, currently at 880.52 tonnes, remain unchanged and have actually seen a slight increase. During the same period, RBI's foreign currency assets rose by $3.12 billion to $546.15 billion, helping to stabilize the overall reserve position. The RBI clarified that the fluctuations in gold value are attributed to international market price changes rather than actual sales, a sentiment echoed by the government's fact-checking arm, the Press Information Bureau (PIB), which labeled the sale reports as