Did RBI sell gold worth $12 billion to save foreign reserves? What PIB fact check reveals

PIB fact check quoting RBI: share of gold in India's foreign exchange reserves rose from 13.92% (end-September 2025) to 16.70% (March 31, 2026) and to 16.85% (May 22, 2026), after a Bloomberg report suggested gold sales to protect reserves amid West Asia conflict Perigon signal context: impact neutral, driver macroeconomic.