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Informist, Tuesday, Jun. 17, 2025

NEW DELHI – Gold reserves with global central banks will increase over the next 12 months, according to the World Gold Council's Central Bank Gold Reserves Survey 2025. The survey includes responses from 73 central banks, of which 43% believe their own gold reserves will also rise over the same period, and none of the respondents anticipate a decline in their gold reserves.

"Gold's performance during times of crisis, portfolio diversification and inflation hedging are some key themes driving plans to accumulate more gold over the coming year. In addition, gold's unique characteristics and role as a strategic asset continue to be valued by central banks: its performance in times of crisis, ability to act as a store of value, and its role as an effective diversifier, continue to be cited as key reasons for an allocation to gold," the report said.

Of the 73 respondents, 76% believe gold will hold a moderately or significantly higher share of total reserves in the next five years, up from 69% in last year's survey. "Responses were also fairly consistent between central banks in advanced economies and EMDE (emerging markets and developing economies), with the majority anticipating that the proportion of gold held as total reserves would be moderately higher in five years," it said.

"Taken together, these findings clearly highlight that gold sentiment within the central banking community remains positive. Expectations point to continued gold buying over the next 12 months, reflecting sustained confidence in gold's strategic role amid evolving geopolitical and macroeconomic dynamics," according to the survey.

Most of the respondents expect moderate or significantly lower dollar holdings within global reserves over the next five years. Respondents also believe that the share of other currencies such as the euro and renminbi will increase over the same period. "While the US dollar currently holds a dominant position – accounting for 43% of total reported reserves in Q3 2024 – protectionist measures such as tariffs could incentivise central banks to diversify their reserve holdings," the survey said.  End

Reported by Ashutosh Pati

Edited by Avishek Dutta

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