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Gold Prices Surge as Central Banks Stockpile Record Amounts

1/14/2026

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Summary

Story summary

Gold prices reached $4,616 per ounce on January 12, 2026, up $3 from the previous day and $1,954 from a year ago.
In Saudi Arabia, Pakistan, the Philippines, and the United Arab Emirates, gold prices per gram were 551.98 SAR, 41,307.02 PKR, 8,735.51 PHP, and 540.51 AED respectively.
Central banks added 1,136 tonnes of gold in 2022, the highest annual purchase on record, as they diversify reserves amid economic uncertainty.

History

Historical Context

In 2022, central banks worldwide purchased a record 1,136 tonnes of gold, the highest annual total since records began, reflecting a strategic shift amid economic uncertainty. This trend continued into 2025, with gold prices exceeding $4,000 per ounce, driven by factors like inflation and geopolitical tensions, highlighting gold's enduring role as a safe-haven asset.

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Story summary

Gold prices reached $4,616 per ounce on January 12, 2026, up $3 from the previous day and $1,954 from a year ago.
In Saudi Arabia, Pakistan, the Philippines, and the United Arab Emirates, gold prices per gram were 551.98 SAR, 41,307.02 PKR, 8,735.51 PHP, and 540.51 AED respectively.
Central banks added 1,136 tonnes of gold in 2022, the highest annual purchase on record, as they diversify reserves amid economic uncertainty.

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