TOPIC

Gold

News Reports

As Bloomberg retracts its report claiming RBI sold gold worth $12 billion, read how its economist used different pricing data to arrive at the...

Dhruv Mishra - 5 June, 2026

Bloomberg has retracted the article claiming that RBI sold gold worth $12 billion, because they used domestic price, while RBI uses London Bullion Market Association price.

Bloomberg grudgingly retracts fake news about Modi govt selling $12 billion of RBI’s gold reserves after being exposed

OpIndia Staff - 5 June, 2026

"The analysis erroneously used same-day domestic gold prices to value RBI's gold reserves," Bloomerg accepted.

Economy and Finance

RBI refutes Bloomberg report claiming sale of gold worth $12 billion, clarifies its gold holding remains steady at 880.52 metric tonnes

OpIndia Staff - 3 June, 2026

The Reserve Bank of India (RBI) today firmly denied media reports suggesting it had sold gold reserves, stating that its physical gold holdings remain...

No, Govt of India is not taking away gold held by temples: Claims of gold monetisation and ‘strategic gold reserves’ from temple gold rejected...

OpIndia Staff - 19 May, 2026

The Finance Ministry has strongly rejected viral social media claims that the government plans to monetise temple gold reserves or issue gold bonds against them.

Government and Policy

Centre raises customs duty on gold from 6% to 15%, PM Modi had earlier urged Indians not to purchase gold for a year: Details

OpIndia Staff - 13 May, 2026

“The policy measure aimed at safeguarding macroeconomic stability, conserving foreign exchange, and moderating non-essential imports during a period of heightened global uncertainty arising from the ongoing West Asia crisis,” Hindustan Times quoted a government official privy to the development.

News Reports

PM Modi asks Indians not to buy gold for a year: Read how gold imports burden economy, cause massive Forex outflow and widen trade...

Rukma Rathore - 11 May, 2026

PM Modi declared, "In the national interest, we must resolve not to purchase gold for a year," during a speech in Hyderabad.

News Reports

Gold and Silver record their worst fall in decades: What triggered the historic crash? Explained

Jinit Jain - 31 January, 2026

A hawkish Fed signal, a rebounding dollar and aggressive profit booking by big investors punctured the gold–silver euphoria, turning an overbought rally into a historic, panic-driven crash.

News Reports

RBI slashes holdings in US Treasury bonds by 21% in 2025, increases gold reserves to 880 tons

OpIndia Staff - 10 January, 2026

The Reserve Bank of India has reduced its holdings in US Treasury securities in recent months, as per a report by Economic Times. The...

Crime

Sabarimala gold theft: SIT arrests former TDB president N Vasu, first high-profile arrest in the case

OpIndia Staff - 12 November, 2025

Investigators said N Vasu, a CPM leader and former TDB president, authorised the movement of gold-plated sheets for electroplating and failed to act when informed about leftover temple gold being diverted for personal use.

News Reports