Turkey leads Middle East in gold reserves with 615 tonnes

Turkey has the largest gold reserves in the Middle East, with a total of 615 tonnes. This data was updated in December 2024. Gold reserves are important for a country's economic stability, helping to protect against market fluctuations. Following Turkey, the other countries with significant gold reserves include Saudi Arabia, which has 323 tonnes, and Iraq with 153 tonnes. Egypt holds 127 tonnes, while Qatar has 111 tonnes and Kuwait has nearly 79 tonnes. Gold reserves are crucial because they enhance investor confidence and protect against currency devaluation. Countries with more gold reserves can better navigate financial crises and maintain their purchasing power during tough economic times. Turkey's central bank has been actively buying gold to diversify its assets and improve financial stability. Other Middle Eastern nations, especially those rich in oil, are also increasing their gold holdings. This trend helps them hedge against inflation and decreases reliance on unpredictable global markets. As geopolitical tensions and economic instability continue, gold is expected to play a vital role in shaping the economies of these nations. The growing gold reserves demonstrate the Middle East's focus on long-term financial security.