Pushpendra Singh: RBI sold $12 billion gold in May 2026 to defend forex reserves

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Andrey Mastykin

03.06.2026

Pushpendra Singh: RBI sold $12 billion gold in May 2026 to defend forex reserves — RBI sells $12 billion gold in India

Pushpendra Singh, crypto educator and blockchain enthusiast, reports that the Reserve Bank of India (RBI) reportedly sold $12 billion worth of gold in May 2026 to strengthen India’s foreign exchange reserves.

He notes that this marks the first gold sale of such magnitude in modern Indian history, including a comparison to the 1991 economic crisis, when India chose to mortgage rather than sell its gold assets.

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Pushpendra Singh has previously tracked major shifts involving India’s financial position. He reported when South Korea surpassed India to become the world’s sixth-largest stock market. Singh also detailed Alphabet’s offer of a $692 million pay package to Indian CEO Sundar Pichai. These reports reflect ongoing focus on high-profile financial transactions linked to India.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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