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"I was not singling out Robbie," he told the club's official website. "I was not referring to Robbie specifically, those quotes are incorrect.
"I do not want him to go anywhere and he is not for sale because he is an important part of our team and a big player for us.
"He signed a four-year contract in the summer and, as far as I am concerned, that is the end of the matter.
"In general, if any player doesn't want to play for me or our club, then I'm hardly going to want them about the place.
"We want to draw a line under this once and for all and we hope it will be the end of the matter."
Gold told PA Sport: "We want to keep our best players, of which Robbie Savage is one, and we don't want to sell him.
"We don't want to lose him at a time when we need everyone pulling together.
"We might be on cloud nine as we speak after the two derby wins over Aston Villa and West Brom but we are technically still in a relegation dogfight.
"I think that's nothing to do with me, it's to do with the two clubs concerned," Savage told Sky Sports News.
"I think they have [put a bid in]. I signed a four-year contract four months ago.
"There has been speculation about me for the two years I have been at Birmingham. First it was Everton, now it's Blackburn.
"Both times bids have been put in for me but I'm still a Birmingham player.
"We play Blackburn in April and just imagine a scenario where Robbie scores the winner against us and we go on to be relegated," said Gold.
"I don't think our fans would thank us for that and we do have a responsibility to them.
"Do Blackburn think we are mad? Arsenal would not sell a player to Chelsea at this stage of the season and we will certainly not sell one to Rovers.
"I can't believe they are serious. When you look at the structure of their bid I would be an old man by the time they have finished paying. I could even be dead."
"I have never said I want to leave Birmingham, what I have said is that I've had family problems and I've got family problems," explained Savage to Sky Sports News.
"If I'm playing for Birmingham, Wrexham or whoever, I want to be nearer my family. And that is the case."
Blackburn have made a bid for Savage, but that was swiftly rejected and as yet the Ewood Park outfit have not followed up their initial offer.
"I'm piggy in the middle, all I can do is keep playing the way I've been playing and let the two clubs get on with it," he added.
"Birmingham have said they've turned down, it's as simple as that."