India Sold it's Gold First time in History
Coinvo@Coinvo
BEARISH: 🇮🇳 India has reportedly sold $12 billion worth of gold due to higher oil prices putting pressure on Indian rupee.
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@mikejava85 Reportedly doesn’t mean it’s true, take some English classes
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@mikejava85 x.com/NewsAlgebraIND…
Haan fake news again, Bloomberg not doing this first time,
May have written on Bloomberg page, RBI website pe Nay ka data hai hi nhi pura fir unhe kaise pata chala?
please care to share.
News Algebra@NewsAlgebraIND
Fake News by Bloomberg Indian government has dismissed it's report as false and misleading.
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What an idiot. Not just you, but many other like you. You know nothing about the Gold reserves or the Foreign Exchange reserves or the Foreign asset reserves and yet has an unbelievably big mouth to utter garbage.
$12B of gold is near about 10% of India's gold reserves. Did you see any change in the gold reserves? Gold reserves have constantly gone up in the last 10 years, with about 70% of it being safely stored in Indian vaults.
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@mikejava85 RBI says report claiming it sold gold reserves is “not correct”
India's central bank said reports that it sold gold to support the rupee are inaccurate, adding that data shows its physical gold holdings have remained unchanged
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@mikejava85 But you spreading fake news is not the first time 🤣🤣🤣
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Lawda First Time Bsdka... Gand Mae dam hain toh sach bol... First, it's fake news and why the fuck you ignored The 1991 Balance of Payments Crisis. India faced a severe shortage of foreign exchange and, to mobilize emergency foreign currency, it pledged or shipped abroad a portion of its gold reserves. Approx 67 tonnes of gold were utilized in these transactions.
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@mikejava85 @HMOIndia can we have such accounts suspended who peddle propoganda and false news via their posts. Freedom of speech k naam par kuch b share karke baith jaate h.
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@mikejava85 x.com/PIBFactCheck/s…
No it did not!
PIB Fact Check@PIBFactCheck
A news report published by @Bloomberg states that RBI may have sold gold amounting to approximately USD 12 billion. #PIBFactCheck ❌ This claim is FAKE ✔️ 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 physical stock of gold is also disclosed by RBI in its Monthly Bulletin. The latest edition is available on the RBI website at: rbi.org.in/Scripts/BS_Vie…, the status of which remains unchanged as on date. → For authentic information, always visit the RBI's official website: rbi.org.in
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@mikejava85 Will you change your tone now or just say Government is lying???
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@mikejava85 Who are these clown UPSC service people as well?
These bastards call themselves the Cream of the country and jh@tus can't even properly implement good economic policy.
They recruit some 25-30 Indian Economic Services officers year on year
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@mikejava85 Lot of first times are happening...when will he hit century ( Rs 100 ) for the first time...
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@mikejava85 This user continuously spreading false news to get views, pause his payout
@nikitabier
x.com/i/status/20620…
PIB Fact Check@PIBFactCheck
A news report published by @Bloomberg states that RBI may have sold gold amounting to approximately USD 12 billion. #PIBFactCheck ❌ This claim is FAKE ✔️ 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 physical stock of gold is also disclosed by RBI in its Monthly Bulletin. The latest edition is available on the RBI website at: rbi.org.in/Scripts/BS_Vie…, the status of which remains unchanged as on date. → For authentic information, always visit the RBI's official website: rbi.org.in
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@mikejava85 Mukesh bhai jab tu gutka kha ke mar hi gya tha toh bc ye rabdi rona kyu kar raha hai. Nahi becha kisi ne ro mat. Khud RBI ne clarify bhi kar dia hai
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@mikejava85 Verify before spreading fake news. Not just cut copy paste western templates which are designed to target india.
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@mikejava85 If the national may face a crisis, then selling gold ain't a bad move. Gold is a valuable, dumb rock which sits on your locker for times like these.
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@mikejava85 No india didn't..
PIB fact checked bloomberg
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