The World Gold Council today releases its regular statistical update on gold reserves in the official sector.
Thailand reported an increase in its gold reserves of 9.3 tonnes in August, raising its total gold holdings to 136.9 tonnes. This follows an acquisition of 28 tonnes in the first half of the year. Bolivia reported an increase of 7.0 tonnes in its gold reserves. The last acquisition Bolivia reported was in December of 2010 when it also reported a 7.0 tonne increase. Finally, Russia continues to regularly add gold to its reserves, adding 8.0 tonnes between July and August.
Also during this period, the Philippines and Sri Lanka reported reductions in gold reserves of 10.3 and 9.3 tonnes, respectively. The Philippines buys locally produced gold and may sell or retain gold for its reserves. Sri Lanka’s sale is most likely related to trading activity as it has been actively buying and selling gold since 2009.
The latest statistics show no significant selling by the signatory central banks in Year 3 of the third Central Bank Gold Agreement (CBGA3). In this update, the ECB reported the sale of 181 million euros or approximately 4.6 tonnes of gold, which “reflected the sale of gold commemorative coins by one Eurosystem central bank”.
This monthly release includes (1) World Official Gold Holdings listing gold holdings by country, (2) a spreadsheet with the latest changes in official sector gold holdings, (3) a spreadsheet tracking sales within CBGA3.
The updated statistics can be found at https://www.gold.org/reserve-asset-management/statistics
For further information please contact:
Stephanie Mackrell
World Gold Council
T +44 20 7826 4763
E [email protected]
Quintin Keanie
Capital MSL
T +44 20 7255 5154
E [email protected]
David Schraeder
World Gold Council
T +1 212 317 3816
E [email protected]
Matt Caruso
Capital MSL
T + 1 646 500 7794
E [email protected]
