Egypt is in sixth place. The top 10 Arab countries with gold reserves at the end of April

Some Arab and Gulf countries managed to increase their gold holdings at the end of April to around 1,331.1 tonnes, led by Saudi Arabia, whose total holdings of the yellow metal reached 323.1 tonnes, or 3.4 % of total state reserves.

It is estimated that the central banks of 100 countries around the world had 34.89 thousand tons of gold at the end of April, according to official data released by the World Gold Council.

The United States continues to dominate the first place in the world with its possession of around 8,133.5 tons of gold, which constitutes 79.1% of all the country’s reserves, while Germany ranks second with the possession of 3364.6 tons of gold, representing about 75% of all reserves, while the IMF comes third, given its reserves, estimated at 2814 tons.

Most of the holdings of the yellow metal in Arab countries have not changed in April of this year, compared to the figures for March, with the exception of the United Arab Emirates, which rose to the tenth place in Arab countries, and Egypt, which increased its possession and placed sixth in the Arab world.

The “Amwal Al Ghad” site monitored the top 10 Arab countries that have gold reserves, and their percentage in relation to the total reserves of these countries.

Gold reserves in Arab countries

Saudi Arabia led the Arab countries, owning gold, with the value of gold in its reserves amounting to 323.1 tons, or 3.4% of the state’s total reserves.

Lebanon came second with 286.8 tonnes of gold, which constitutes 30% of its total reserves.

And in third place comes Algeria, which has 173.6 tons of gold, or 13.9% of its total international reserves.

Libya came in fourth place with around 116.6 tonnes of gold, which constitutes 7.5% of its reserves.

Gold reserves in Iraq reached 96.3 tons, which constitutes 7.6% of the state’s reserves, fifth among Arab countries.

Egypt bought 0.1 tonne of gold, increasing its reserves of the yellow metal by 0.13% in April, as it maintained the 40th position in the world in April, but increased its possession to 79.5 tonnes after possessing a volume of 79.4 tons in March, accounting for 11% of its gold reserves and ranking sixth among Arab countries.

And in seventh place among the Arab countries came Kuwait, which has 79 tons of the yellow metal, which constitutes 9.7% of its reserves.

Jordan ranked eighth among the ten countries, with 43.5 tonnes of gold in its reserves, representing 15.5%.

Qatar’s possession of the yellow metal reached 42.2 tons, ranking ninth among Arab countries, constituting 5.8% of its reserves.

The UAE’s possession of the yellow metal stood at 31.3 tonnes, which represented 1.6% of all reserves it held at the end of April.