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World’s Second-Largest Reserve Asset
June 26 , 2025
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- Gold has overtaken the euro to become world’s second-largest foreign exchange reserve asset.
- Gold now holds 20% of global reserves, surpassing the euro’s 16%.
- The US dollar remains the dominant reserve currency.
- It is accounting for 46% of global holdings.
- The Central banks have significantly increased gold purchases in recent years—over 1,000 tonnes annually for the past three years.
- It is more than double the previous decade’s average of 400–500 tonnes.
- Global official gold reserves have reached 36,000 tonnes.
- It is almost nearing the historic peak of 38,000 tonnes set in 1965 during the Bretton Woods era.
- As per World Gold Council data, the Reserve Bank of India held 876.18 tonnes of gold as of December 2024.
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