SA · Rank #17Saudi Arabia gold reserves.
Middle EastUpdated 2025-12-31
Gold reserves
Reserve value
% of reserves
YoY change
Est. purchase cost
Gold backing
History
Holdings, flows, and spot value over time
Gold Holdings (Tonnes)
Reserve Value (USD Billions)
Annual Net Purchases / Sales (Tonnes)
Gold as % of Foreign Reserves
Context
Geopolitical backdrop
Saudi Arabia holds gold to diversify from oil dependency and hedge against Middle East tensions and petrodollar shifts.
Notable activity
No change year-over-year at 323 tonnes.[user data]
Key motivations
Reserve DiversificationRegional Security
Currency
Gold backing analysis
Gold / M1 money supply11.93%
What this means
A rough measure of how much of the country's M1 money supply the market value of its gold could cover. Higher ratio ⇒ stronger implicit gold backing. This country has relatively strong gold backing compared to peers.
M1 money supply: $250.00B · IMF / central bank / FRED
Peers
Compare with similar countries
Countries in the same region or a roughly comparable size of reserves.
Rank #21
Gold280 t
% Reserves69.7%
YoY0.0t
Rank #23
Gold227.4 t
% Reserves59.6%
YoY0.0t
Rank #25
Gold173.6 t
% Reserves0.0%
YoY0.0t
Rank #28
Gold129.4 t
% Reserves41.5%
YoY0.0t
Rank #20
Gold281.6 t
% Reserves20.0%
YoY0.0t
Related
Indicators that pair with central bank flows
Bullion Fear & Greed
Was the market fearful or greedy while Saudi Arabia was buying? Central banks accumulate in fear — the opposite of retail.
Gold / Silver ratio
Central banks buy gold, not silver. Track the ratio between the two and see when a swap is statistically favoured.
Macro Playbook
What gold, silver, and miners have historically done when macro rules (HY spreads, curves, housing) fire.