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.
Central banks added a net 30.1 tonnes (t) to global official gold reserves during the month, virtually in line with net purchases in June. This continues the healthy level of interest in gold we have seen from central banks so far this year. Gross purchases totalled 34.3t for the month, down significantly from 63.1t in June, which was boosted by Brazil’s 41.8t purchase. Brazil (8.5t) was the largest purchaser in July, followed by Uzbekistan (8.4t) and India (7.5t) in adding significantly to their gold reserves. Turkey, Russia, Kazakhstan, and Mongolia bought a combined 9.8t over the month. Total gross sales were also significantly lower compared to June, totalling 4.2t in July, down 28.9t m-o-m. Qatar (2.2t) and Poland (1.9t) were the only two central banks to register meaningful declines in their gold reserves.
“This chart was updated in September 2021 and reports data available at that time. Data are taken from the International Monetary Fund's International Financial Statistics (IFS), September 2021 edition, and other sources where applicable. IFS data are two months in arrears, so holdings are as of July 2021 for most countries, June 2021 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.