plate 003 · Economy · end-2025 data

Central banks now hold more gold than euros or US Treasuries

Share of global official reserves at end-2025 (bar) and end-2024 (marker).

27%

Gold made up 27% of the world's official reserves at end-2025, up from 20% a year earlier. Treasuries fell from 25% to 22%.

1,000+ tonnes

Central banks bought over 1,000 t of gold a year in 2022, 2023 and 2024, twice the 2010–21 average.

From sellers to buyers

In the 2000s central banks sold 4,426 t of gold. They have been net buyers every year since 2010.

the numbers
Central banks now hold more gold than euros or US Treasuries. Source: ECB, The international role of the euro (June 2026); World Gold Council, Gold Demand Trends, end-2025.
end-2025 (%)end-2024 (%)
Gold2720
US Treasuries2225
Euro1515
source notes & method

Reserve shares at market prices as reported by Reuters from the ECB report; the ECB report itself could not be accessed directly.

Published 16 Sep 2026