Central banks are holding approximately 36,000 tonnes of gold, reinforcing the metal’s status as a cornerstone of official reserve management.
The accumulation reflects a sustained shift away from traditional fiat reliance, with institutions increasingly viewing physical bullion as a critical hedge against currency volatility and geopolitical instability.
The United States maintains the largest official gold stockpile with over 8,133 tonnes, followed by Germany at 3,350 tonnes.
Italy and France each hold approximately 2,450 tonnes.
In contrast, smaller economies such as Bulgaria hold significantly less, with reserves standing at just 41 tonnes.
These disparities highlight the varying degrees of de-dollarization and reserve diversification strategies across global markets.