German Bundesbank gold and gold receivables
German Bundesbank gold and gold receivables stood at 397,205 EUR million on Oct 9, 2026, according to Deutsche Bundesbank. It is one of the indicators in the Bundesbank weekly balance sheet table (Value · Daily), with a complete series running from Dec 22, 1998 to Oct 9, 2026. The complete series with an interactive chart, free to download.
This indicator in the Bundesbank weekly balance sheet table
| Indicator | 09-10-2026 | 02-10-2026 | 25-09-2026 | 18-09-2026 | 11-09-2026 | 04-09-2026 | 28-08-2026 | 21-08-2026 | 14-08-2026 | 07-08-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 2,272,487 | 2,259,109 | 2,247,371 | 2,238,942 | 2,274,056 | 2,287,087 | 2,271,092 | 2,265,320 | 2,272,143 | 2,282,843 | |
| Gold and gold receivables | 397,205 | 397,205 | 380,708 | 380,708 | 380,708 | 380,708 | 380,708 | 380,708 | 380,732 | 380,732 | |
| Claims on non-euro area residents denominated in foreign currency | 90,449 | 90,052 | 90,523 | 90,463 | 89,814 | 89,656 | 89,996 | 89,567 | 89,060 | 89,700 |
Understanding german Bundesbank gold and gold receivables
Physical bullion holdings and legally binding claims on unallocated accounts held by the central bank make up this specific reserve category. It explicitly separates the institution's precious metal stockpiles from its fiat currency claims, sovereign bonds, and traditional foreign exchange assets. This aggregate strictly excludes any financial derivatives linked to the metal's price where settlement is purely in cash, maintaining a narrow focus on tangible inventory or contractually deliverable physical assets held both domestically and in overseas vaults.
Because the underlying physical stockpile changes very infrequently, almost all volatility in this daily series originates from mark-to-market valuation adjustments based on global spot prices and fluctuating exchange rates against the domestic currency. Month-on-month or year-on-year comparisons effectively serve as a proxy for the currency-adjusted price of the underlying commodity rather than indicating active changes in the central bank's policy stance. The series is normally immune to short-term retrospective revisions. Analysts must avoid the frequent misinterpretation of sudden spikes in this balance sheet line as active market purchases of new reserves, since regular quarterly revaluation effects uniformly distort the perceived volume of the holdings.
Frequently asked questions
- Are cash-settled derivatives included in this measurement?
- The metric entirely excludes cash-settled financial derivatives, capturing only physical inventory and claims on deliverable metal.
- Does a change in this value mean the central bank bought more reserves?
- Fluctuations usually reflect price revaluations and exchange rate movements rather than active purchases or sales of the physical commodity.
- Where are the underlying assets for this series physically located?
- The reporting encompasses both inventory stored in domestic vaults and claims on reserves held at partner central banks overseas.