Central Bank Gold Reserves Hit New Milestones as Poland Breaks Into Top 10 Holders

Official central bank gold accumulation continues to serve as a foundational pillar of the global bullion rally, with updated International Monetary Fund (IMF) and World Gold Council reserve metrics highlighting sustained de-dollarization and reserve diversification across sovereign balance sheets.
The top 10 central bank official gold holders (in metric tons) stand at:
• United States: 8,134 tonnes
• Germany: 3,349 tonnes
• Italy: 2,452 tonnes
• France: 2,437 tonnes
• China: 2,387 tonnes
• Russia: 2,271 tonnes
• Switzerland: 1,040 tonnes
• India: 881 tonnes
• Japan: 846 tonnes
• Poland: 648 tonnes
A standout development is the National Bank of Poland cementing its position in the top 10, climbing to 648 metric tons following aggressive multi-quarter buying sprees that outpaced peers in Europe. Along with persistent accumulation by the People's Bank of China and the Reserve Bank of India, sustained sovereign demand reflects central banks' structural appetite for hard, non-sovereign reserve assets amid heightened geopolitical fragmentation, rising debt-servicing strains, and global trade realignments.