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Informist, Friday, Oct. 3, 2025

 

MUMBAI – After a pause in July, gold holdings of global central banks rose in August, with net purchases of 15 tonnes, the World Gold Council said, citing data from the International Monetary Fund and respective central banks. This is broadly in line with monthly net purchases between March and June, and signals a return to gold buying, the council said.

 

WGC scaled down its initial estimate for July of addition of 10 tonnes after Bank Indonesia reported an 11 tonne sale. The recent rally in gold prices likely remains a constraint on the level of buying by central banks and may be a factor in more tactical selling too, it said, but added that this does not necessarily signal that "central banks as a whole are losing interest in gold".

 

The National Bank of Kazakhstan added 8 tonnes of gold in August, the sixth consecutive month of buying. The central bank's gold holdings are now at 316 tonnes. Bulgarian National Bank's gold reserves rose by 2 tonnes in August, the largest monthly increase since June 1997, to 43 tonnes. "In January 2026 Bulgaria will become the 21st member state of the eurozone and may transfer some gold to the ECB (European Central Bank) as part of the accession procedure," the council said.

 

Both the Central Bank of Turkey and the People's Bank of China added 2 tonnes to their gold reserves, marking the latter's tenth consecutive monthly increase. The Central Bank of Uzbekistan also added 2 tonnes of gold during the month. The Czech National Bank continued its steady accumulation of gold, purchasing 2 tonnes in August and extending the bank's monthly buying streak to 30 months. The Bank of Ghana also bought 2 tonnes of gold during the month.

 

The Central Bank of Russia and Bank Indonesia were the only sellers of gold in August. "The reduction in Russian gold reserves is likely related to its coin-minting programme," WGC said.

 

Meanwhile, the National Bank of Poland confirmed in September that it would be raising the target gold share within its international reserves to 30% from 20%. The Central Reserve Bank of El Salvador also reported an increase of 13,999 ounce in its gold reserves in September. "...this acquisition is a long-term positioning based on a prudential balance in the composition of the assets that make up the International Reserves", the report quoted the bank as having said.  End

 

Reported by Ashutosh Pati

Edited by Avishek Dutta

 

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