Gold Rally Pushes 5 Arab Reserves Above $145B

Gold hit a historic milestone in October 2025, surpassing $4,350 per ounce for the first time, fuelled by rising geopolitical tensions and expectations of monetary easing.

- HAGAR OMRAN

Gold prices surged to record highs in the second week of October, before easing slightly to around $4,126 per ounce on October 23, 2025. The rally boosted the combined value of the top five Arab nations' gold reserves to $145 billion, based on Bloomberg's spot prices and data from the World Gold Council.

1. Saudi Arabia

Saudi Arabia holds the largest gold reserves in the Arab world, at 323.1 tons as of May 2025, representing 29.6% of the 1,092.8 tons held by the region's top five countries, according to WGC's most recent data. With gold prices reaching $4,126 per ounce on October 23, 2025, the value of the Kingdom's stockpile has surged to $42.8 billion.