Archive · 4 Oct 2025
Central Banks Resume Gold Purchases After July Dip
After a break in July, central banks started buying gold again in August, adding more gold to their reserves.
They bought a total of 15 tonnes.
Some countries, like Kazakhstan, have been consistently buying gold.
Bulgaria increased their gold holdings the most after many years, potentially in anticipation of joining the Eurozone.
The Czech Republic aims to increase its gold reserves, while Russia and Indonesia sold some of their gold.
The price of gold is near record highs, likely due to economic concerns.
The pause in buying is due to recent rally in precious metal price.
Global central banks resumed buying gold in August, adding a net 15 tonnes to reserves.
The Central Bank of Russia and Bank Indonesia sold gold.
The rally in gold price influenced the level of central bank's purchase
National Bank of Kazakhstan bought gold for the sixth straight month.
Bulgaria's gold reserves increased the most since 1997.
- Who
- Central Banks Globally
- What
- Resumed buying gold after a pause in July
- When
- August 2025
- Where
- Globally
- Why
- Unclear, potentially due to market conditions and haven demand
- Global Gold Reserves Increase (August)
- 15 tonnes
- Gold Price (End of Week)
- $3,886.55/ounce
- Kazakhstan's Gold Holdings
- 316 tonnes
- Bulgaria's Gold Holdings
- 43 tonnes
- Czech Republic Gold Target
- 100 tonnes by December 2028
