Uzbekistan ranks 14th globally in gold reserves, World Gold Council says

Tue Mar 03 2026

Uzbekistan’s gold reserves reached 390.3 tons, placing the country 14th worldwide, as per to data published by the World Gold Council. The report indicates that Uzbekistan has surpassed several countries in total gold holdings, including Portugal, which holds 382.7 tons, and Kazakhstan with 341 tons of reserves.

In 2025, Uzbekistan increased its gold reserves by 7.8 tons. Over the longer period from 2020 to 2025, total purchases amounted to 54.4 tons, reflecting a continued accumulation strategy by the country’s monetary authorities. According to the council’s analysis, Poland recorded the largest gold purchases globally in 2025, with its central bank acquiring 102 tons during the year. Kazakhstan ranked second with purchases totaling 57 tons, followed by Azerbaijan with 53.4 tons. Brazil and Turkey also ranked among the top five buyers.

At the beginning of 2025, the price of one ounce of gold was approximately $2,800, while by early 2026 it had risen to nearly $5,000 per ounce. The report identified Singapore and Russia as the main sellers of gold in 2025, reducing reserves by 26.4 tons and 6.2 tons respectively. Over the longer term since 2020, China has remained the largest net buyer, accumulating a total of 358 tons of gold.

Globally, the United States continues to hold the largest gold reserves, totaling approximately 8,100 tons. Other countries among the top five reserve holders include Germany, Italy, France, and Russia. As of February 1, 2026, Uzbekistan’s total gold and foreign exchange reserves reached a record level of $75bn. Of this amount, approximately $65bn represents the value of gold holdings, underscoring the notable share of precious metals within the country’s reserve structure.

Source: https://daryo.uz/