Abu Dhabi [UAE], The value of gold reserves of the Central Bank of the UAE (CBUAE) reached AED19.615 billion by the end of March 2024, showing a year-on-year (YoY) increase of 12.6 per cent from AED17. ₹41 billion in March 2023.

The apex bank in its latest data released today showed that gold reserves increased by 9.8 per cent on a monthly basis to AED17.86 billion in February 2024.

The UAE's gold reserves have increased significantly over the past few years from AED4.044 billion at the end of 2019 and AED1.134 billion in 2018.