Gold plays an important part in central banks’ reserves management, and they are significant holders of gold. This gold reserve data – compiled using IMF IFS statistics – tracks central banks’ reported purchases and sales along with gold as a percentage of their international reserves.
For more information see our Gold Demand Trends report.
Available data for July highlights central bank net purchases of 8.8t – the lowest level of monthly net purchases since December 2018 (-1.5t). Gross purchases totalled 27.2t, with buying continuing to be concentrated amongst recent purchasers, a trend we have seen for most of the year. Turkey (19.4t), Qatar (3.1t), India (2.8t), and Kazakhstan (1.9t) all saw gold reserves grow during the month. Gross sales, on the other hand, totalled 17.7t in July, its highest level since July 2019 (24.6t). Uzbekistan (-11.6t) and Mongolia (-6.1t) accounted for 95% of gross sales during the month, with Germany and Russia also seeing marginal declines in gold reserves of around half a tonne.
This chart was updated in September 2020 and reports data available at that time. Data are taken from the International Monetary Fund's International Financial Statistics (IFS), September 2020 edition, and other sources where applicable. IFS data are two months in arrears, so holdings are as of July 2020 for most countries, June 2020 or earlier for late reporters. Where the World Gold Council knows of movements that are not reported to the IMF or misprints, changes have been made
The percentage share held in gold of total foreign reserves is calculated by the World Gold Council. The value of gold holdings is calculated using the end of quarter LBMA Gold Price, which is published daily by ICE Benchmark Administration for the value of other reserves are taken from IFS, table ‘Total Reserves minus Gold’.
Length and frequency
Quarterly official gold holdings from 2000, as well as the latest available month-end data for the Top 100 holders.
Monthly and annual detailed changes in gold reserves from January 2002.
Annual sales by CBGA signatories from 1999.
Monthly files are updated within the first 10 days of the month (with data two months in arrears). Quarterly data is updated a month after the end of the quarter.
Holdings are given in tonnes, US$ value and % of total reserves. Changes in holdings are measured in tonnes.