UAE Central Bank Gold Reserves Reach Record Dh30 Billion

UAE Central Bank gold reserves have hit a historic milestone, surpassing Dh30 billion for the first time in 2025 amid a robust banking sector. The Central Bank of the UAE (CBUAE) reported a 32 percent rise in its bullion holdings during the first eight months of the year, reaching Dh30.329 billion by the end of August, up from Dh22.981 billion at the end of December 2024.

Monthly growth was also notable, with gold reserves rising more than 4.5 percent in August alone, increasing from Dh28.997 billion at the end of July. The latest CBUAE statistical bulletin highlights strong performance not only in gold but across banking deposits, showcasing healthy financial momentum.

Demand deposits grew to over Dh1.188 trillion by August, compared with Dh1.109 trillion at the end of 2024, consisting of Dh892.273 billion in local currency and Dh296.137 billion in foreign currencies. Savings deposits also saw a significant rise to Dh376.479 billion, and time deposits exceeded Dh1.05 trillion during the same period, signaling broad confidence and liquidity in the UAE banking system.

This increase in gold reserves accompanies a global economic environment marked by cautious US monetary policies and fluctuating gold prices, with the UAE maintaining its strategic approach to reserve diversification and financial stability.