UAE’s Gold Reserves Rise 32% To Record $8.3 Billion In August
The UAE’s gold reserves grew by 32% in the first eight months of 2025, reaching a record $8.3 billion (AED 30.3 billion) in August. This is up from $6.3 billion (AED 23 billion) at the end of December 2024, according to the Central Bank of the UAE (CBUAE).
Gold reserves at record high
The central bank’s gold holdings increased by 4.5% in August compared to $7.9 billion (AED 29 billion) in July, marking the highest level ever recorded.
This rise follows a global trend where many central banks are buying more gold. High demand from central banks, along with investor interest, inflation worries, a weaker US dollar, and global tensions, have all pushed gold prices to record levels in 2025.
Deposits also increase
The CBUAE report also showed that banks’ demand deposits grew to $237.8 billion (AED 873.1 billion) in August, slightly up from $237.4 billion (AED 871.8 billion) in July.
Meanwhile, quasi-monetary deposits (such as savings and time deposits) rose to $417.4 billion (AED 1.53 trillion), up from $412.8 billion (AED 1.5 trillion) the previous month.
Global gold demand trends
A Reuters report, citing a World Gold Council (WGC) survey of 73 central banks in 2025, said that 76% expect to increase their gold holdings over the next five years — up from 69% in 2024.
The WGC also noted that central banks have been buying over 1,000 metric tons of gold every year recently, much higher than the historical average of 400–500 tons.
In the second quarter of 2025, global gold demand rose 3% year-on-year to 1,248.8 metric tons, driven by a 78% rise in investment demand. However, gold purchases by central banks fell 21% to 166.5 tons compared to the same period last year.
Published: 10th October 2025
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