According to data released by the Central Bank of Venezuela (BCV) via Reuters, Venezuela's gold reserves continued to decline in 2025, falling to 47 tons by year-end, down approximately 11% from the 53 tons in 2024. This trend extends the downward trajectory from previous years, as the 2024 gold reserve volume had already decreased by 13% compared to the year before.
Despite the reduction in physical gold quantity, the value of Venezuela's gold reserves reached $6.63 billion by the end of December 2025, influenced by a significant rise in international gold prices. Data shows the estimated average gold price was $4,389.45 per troy ounce, substantially higher than the previous year's level, which partially offset the impact of the declining reserve volume.
The change in Venezuela's gold reserves presents a dual characteristic: on one hand, the tonnage of reserves continues to shrink; on the other hand, its accounting valuation has improved due to the bullish cycle in the precious metals market. This dynamic is crucial for economies reliant on gold assets, as rising gold prices can partially compensate for the reduction in physical gold.
Against the backdrop of strong global demand for safe-haven assets, gold prices remain high, which helps enhance the valuation of central bank reserves in various countries. However, for Venezuela, the cumulative tonnage of gold reserves continues its downward trend, with the fundamental direction remaining unchanged.
The evolution of Venezuela's gold reserves is typically closely monitored by analysts and market participants, as it is linked to the status of international reserves, external liquidity, and signals of macro-financial stability. Although annual reports provide key data, the lack of official details limits in-depth analysis of interim changes, repurchases, or potential sales.
With the announcement of the 2025 results, Venezuela's gold reserves have declined for multiple consecutive years. This trend warrants continued observation, especially against the backdrop of an international gold price rebound mitigating the impact on monetary value.
