Reserve Bank of India denies selling $12 billion in gold

The Reserve Bank of India has denied reports that it sold $12 billion worth of gold. The central bank stated its physical gold reserves remain unchanged at 880.52 tonnes, refuting claims of a sale to bolster foreign exchange reserves amidst West Asian conflicts. The Press Information Bureau's fact-check also confirmed the reports as fake, noting India's gold reserves have actually increased as a percentage of its total foreign exchange holdings.