The Hammers will play their final season at the Boleyn Ground in 2015/16 before moving to the iconic 54,000-seater stadium.
Some West Ham supporters speculated that Gold and Sullivan, both lifelong Hammers fans, only pursued the move to Stratford to attract interest from potential buyers.
But Gold has tonight taken to Twitter to reject suggestions they would sell the club and insist the move is not a money-making exercise.
Responding to a fan on the social networking site, Gold said: "Proceeds from the sale of Upton Park goes towards paying for our move to the new stadium.
"We have no plans to sell the club."
Proceeds from the sale of UP goes towards paying for our move to the New stadium. We have no plans to sell the club https://t.co/a8QJZBN4VW— David Gold (@davidgold) April 18, 2015
Gold and Sullivan took over at West Ham in 2010 in the wake of the disastrous reign of Icelandic owner Bjorgolfur Gudmundsson when his Landsbanki bank went bust and insists the club's finances are secure, despite Iceland's second-largest bank going into administration.
While their tenure since has been far from calm waters, many fans are grateful to the co-owners for saving the East Londoners from entering administration with more than £100 million of debt.
Gold, who is a frequent tweeter and enjoys using social media to interact with fans, responded to another criticism from the same follower who questioned whether supporters wanted to leave Upton Park in the first place.
He said: "How do you account for the fact that season ticket sales for the new stadium are running at a record all time high."
Earlier this season fellow owner Sullivan was accosted by angry fans as he left West Bromich Albion's ground early after a 4-0 FA Cup humbling. Gold condemned the ugly scenes while Sullivan later revealed he had only left early to see his sick mother in hospital who has since passed away.