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THURSDAY, 18 JUNE 2026
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Were $12 billion worth of gold reserves sold?

KRISHNOMIKA, Mumbai
Published Jun 4
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In today's economic environment marked by geopolitical tensions, persistent inflation concerns, record global debt levels, and growing de-dollarisation efforts, many countries are increasing their gold reserves. Gold remains a trusted safe-haven asset, a portfolio diversifier, and a hedge against currency risks, financial instability, and potential sanctions. With gold prices near historic highs and the long-term outlook remaining bullish, selling large quantities of gold reduces exposure to a strategic reserve asset, potentially forgo future gains, and send an unintended signal at a time of heightened global uncertainty. Even at a household level, gold is typically treated as a store of value and a financial backstop. Families generally pledge their gold only when necessary and sell only after exhausting other options. Selling is often considered a last resort. Reports now suggest that the RBI may have sold around $12 billion worth of gold reserves. I'm not an economist, but the logic seems straightforward -- when nations around the world are accumulating gold as a strategic asset, why would anyone choose to reduce their holdings at this point?

Do the math.



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