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Türkiye has built gold reserves at the fastest pace among OECD countries over the past five years, with official holdings nearing $134 billion as of January 2026, central bank data showed.
World Gold Council data showed that Türkiye’s official gold stock rose by 219.46 tons, marking a 55.66% increase during the period.
The increase helped push the country’s total gross reserves past the $200 billion mark, reflecting sustained accumulation driven by the Central Bank of the Republic of Türkiye (CBRT).
Türkiye’s official gold stock reached 641.3 tons, placing it 10th globally among official gold holders, just behind major economies such as Japan and India.
The United States remains the world’s largest gold holder with 8,133.5 tons, representing about 79% of its total reserves.
Germany follows with 3,350.3 tons, while Italy and France hold 2,451.8 tons and 2,437 tons, respectively, maintaining their traditional positions. Russia and China hold 2,333 tons and 2,306 tons, reflecting continued reliance on gold as part of their reserve strategies.
While official reserve accumulation continues, household gold holdings remain a significant part of Türkiye’s overall gold wealth, highlighting the metal’s dual role in both national reserves and private savings.
Commenting during the presentation of the latest inflation report last week, CBRT Governor Fatih Karahan said gold held by households outside the financial system was estimated at around $600 billion. He added that rising gold prices over the past year created a wealth effect of approximately $200 billion for households holding the metal.
Gold has long served as a traditional store of value in Türkiye, and price increases have boosted both private wealth and official reserve valuations.
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