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Govt Sources Have Rejected Bloomberg Report That RBI May Have Sold $12bn Worth Of Gold In The Two Weeks

The Share Of Gold In India’s Forex  Reserves Rose From 13.92% At End-September 2025 To 16.70% On March 31, 2026, And Further To 16.85% As Of May 22, 2026.

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A news report published by Bloomberg stating  that RBI may have sold gold amounting to approximately USD 12 billion is fake. The FactCheck  by PIB  on X clarified this  claim is fake. According to the Bloomberg report, a decline in the reported value of the RBI’s bullion reserves came despite an increase in import duties on gold, which would ordinarily have boosted the value of the central bank’s gold holdings.

According to RBI , the share of gold in India’s foreign exchange reserves rose from 13.92% at end-September 2025 to 16.70% on March 31, 2026, and further to 16.85% as of May 22, 2026.

The RBI has been actively repatriating its bullion holdings in recent years. By the end of April 2026, the central bank held 880.52  metric tonnes, with  77%  of its massive gold stash physically secured within India. The steady increase in gold repatriation over recent years suggests that the RBI, like several other emerging-market central banks, has become more cautious about keeping a large share of its reserves abroad. Concerns over the safety of overseas-held assets intensified after Western nations froze Russian reserves following the outbreak of the Ukraine conflict.

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GJC Addresses HUID Data Exposure Issue With BIS, Corrective Measures Are Currently Being Initiated

BIS Care App That  Exposed The Name and Addresses Of Jewellers While Verifying HUID Details .

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The All India Gem and Jewellery Domestic Council (GJC) has successfully intervened following a technical anomaly on the BIS Care App that  exposed the name and addresses of jewellers while verifying HUID details .

Over the past few days, the BIS Care App was found to be displaying the names and addresses of individual jewellers during routine Hallmark Unique Identification (HUID) verifications. Recognizing the privacy implications for its members, GJC immediately escalated the matter to the highest appropriate levels within the Bureau of Indian Standards (BIS).

Upon receiving GJC’s representations, BIS officials acknowledged the discrepancy. The Bureau clarified that such operational details are strictly intended to be visible only for corporate jewellers who have voluntarily opted into the ‘Transfer HUID’ module under the current BIS framework. The data exposure was not intended for general registered jewellers.

GJC has been assured that BIS has escalated the issue internally. Corrective measures are currently being initiated on a priority basis, and the technical glitch is expected to be fully resolved at the earliest.

GJC remains fiercely committed to safeguarding the interests of the domestic jewellery trade the Council stated, reaffirming its dedication to ensuring that members’ operational concerns are promptly and effectively represented before regulatory authorities.

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