The Reserve Bank of India likely sold around $12 billion worth of gold reserves in the two weeks ending May 22, 2026, to protect its foreign currency assets from the economic shockwaves of the ongoing US-Iran conflict, according to a Bloomberg Economics analysis.<\/p>\n
India is the world’s third-largest importer of crude oil, and the war in the Middle East has pushed energy prices sharply higher while also disrupting shipping through the Strait of Hormuz. These twin pressures have widened India’s current account deficit, triggered capital outflows, and put the rupee under sustained stress, forcing the RBI to take defensive action on multiple fronts.<\/p>\n
Bloomberg Economics senior India economist Abhishek Gupta estimated that even as RBI’s gold holdings fell, the central bank added approximately $7.5 billion to its foreign currency assets during the same period. The telling clue was that gold’s value dropped despite a government hike in gold import duties, which would normally have pushed the value of existing bullion holdings higher, not lower pointing strongly to actual sales.<\/p>\n
Try our free Gold Investment Calculator →<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The Reserve Bank of India likely sold around $12 billion worth of gold reserves in the two weeks ending May 22, 2026, to protect its foreign currency assets from the economic shockwaves of the ongoing US-Iran conflict, according to a Bloomberg Economics analysis. India is the world’s third-largest importer of crude oil, and the war… Read More »Did the RBI Quietly Sell Gold to Shield India from a Middle East War?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,1],"tags":[],"class_list":["post-4813","post","type-post","status-publish","format-standard","hentry","category-economy-2","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/4813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=4813"}],"version-history":[{"count":2,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/4813\/revisions"}],"predecessor-version":[{"id":4817,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/4813\/revisions\/4817"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=4813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=4813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=4813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}