Gold and Foreign Exchange Reserves

Andrew Rosindell
To ask the Chancellor of the Exchequer how much gold the Government has sold in each year since 1997.

Ian Pearson
The Government undertook a gold sales programme from 1999 to 2002. In that time, 395 tonnes of gold have been sold: 75 tonnes in 1999; 150 tonnes in 2000; 130 tonnes in 2001; and 40 tonnes in 2002. The Government have not conducted an official gold sales programme since 2002.