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India's Central Bank Likely Sold $12B in Gold Over Two Weeks Through May 22

2026-06-02 07:03:50

According to Bloomberg's analysis of public data, India's central bank likely sold approximately $12 billion in gold reserves and purchased $7.5 billion in foreign exchange assets over the two weeks through May 22, according to Abhishek Gupta, senior economist at Bloomberg Economics. The assessment is based on the observed decline in the central bank's gold holdings despite increased gold import tariffs, indicating active gold sales by the Reserve Bank of India.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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