US Gold Reserves Cross $1 Trillion as Gold Prices Hit Record High

The US government’s gold holdings have surpassed a market value of $1 trillion after gold prices jumped 45% this year to touch $3,825 per ounce. With over 8,133 tonnes in reserves, the US remains the world’s largest holder of official gold. A significant portion of these hoards is housed in Fort Knox, Kentucky.

Gold Surges to $3,825 per Ounce, Boosting Reserve Value

As of September 29, 2025, the price of gold rose 45% year-to-date, reaching an all-time high of $3,825 per ounce. With total holdings of approximately 261.5 million troy ounces, the current market value of US gold reserves exceeds $1 trillion. This figure exceeds the official ledger value more than 90 times, as the gold remains recorded at $42 per ounce, a valuation in place since 1973.

Fort Knox Houses 4,000 Tonnes of Gold

The iconic Fort Knox depository holds around 4,000 tonnes of the US gold hoard, amounting to 147,341,858.382 troy ounces. Information from the Treasury confirms Fort Knox holds the largest physical portion of the total 8,133 tonnes the US owns. Speculations earlier in the year regarding the accuracy of these reserves prompted calls for greater transparency.

US Government and Gold Pricing Policy

The US Treasury Department has long valued its gold holdings at $42 per ounce, irrespective of market fluctuations. If repriced today, the difference could inject close to $990 billion into the government’s books. However, the idea of marking gold to market is currently not under serious consideration, despite prior speculative remarks by key officials.

Read More: Who Holds the World’s Gold in 2025? India Rises to 8th Place!

Global Gold Context and Central Bank Holdings

Worldwide, central banks now hold 36,344 tonnes of gold as of May 2025—more than their combined holdings in US Treasuries for the first time since 1996. India’s gold reserve stood at 876.18 tonnes in June 2025. Rising geopolitical tensions, trade issues, and financial instability are fuelling the global demand for the precious metal.

Conclusion

With gold reaching $3,825 per ounce, the US gold reserve’s market value now exceeds $1 trillion, highlighting bullion’s renewed importance. Fort Knox remains a vital storage, reinforcing America’s dominance in global gold holdings amid escalating economic uncertainty.

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