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Informist, Thursday, Jan. 8, 2026

 

MUMBAI – Central banks' demand for gold remained strong globally in November, with net purchases totalling 45 tonnes and year-to-date buying rising to 297 tonnes, the World Gold Council said in a report. Central banks had recorded net purchases of 53 tonnes a month ago. The sustained demand reflects continued substantial gold accumulation by emerging-market central banks, it said.

 

The National Bank of Poland purchased 12 tonnes of gold in November, continuing its buying streak since October. "The purchase lifted its gold reserves to 543t (tonnes), or almost 28% of total reserves at end-November prices," the report said. The Central Bank of Brazil was a net purchaser of gold for the third consecutive month, adding 11 tonnes in November. The central bank has purchased 43 tonnes of gold during Sept-Nov, bringing its total gold reserve to 172 tonnes, which is 6% of its total reserve.   

 

The Central Bank of Uzbekistan purchased 10 tonnes of gold in November and the National Bank of Kazakhstan purchased 8 tonnes, it said. The National Bank of the Kyrgyz Republic and the Czech National Bank purchased 2 tonnes of gold each. The People's Bank of China and Bank Indonesia purchased 1 tonne each of gold in November.

 

The net sellers during the month were the Central Bank of Jordan, which net sold 2 tonnes of gold, and the Qatar Central Bank, which sold one tonne, the report said. In November, the Bank of Tanzania said it had accumulated 15 tonnes of refined monetary gold in the first year of its Domestic Gold Purchase Programme as part of efforts to strengthen its foreign exchange reserves.

 

On a year-to-date basis, the National Bank of Poland remains the largest reported official-sector gold purchaser, with 95 tonnes bought, nearly twice the amount acquired by the second-largest buyer, Kazakhstan, at 49 tonnes. "While y-t-d (year-to-date) reported net purchases through November are at a slower pace than previous years, central bank gold buying momentum remains relatively robust," the report said.  End

 

Reported by Reshma Ravi

Edited by Tanima Banerjee

 

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