World Central Banks Added to Gold Reserves: World Gold Council

SEATTLE (Scrap Monster): The world central banks continued robust gold purchases during the opening month of 2025, said the latest report published by the World Gold Council (WGC). The global central banks reported net gold purchase of 18 tonnes in January 2025. The banks in emerging market led the purchases.

The top three purchasers of gold were China, Kazakhstan, and Uzbekistan. Uzbekistan's official gold holdings now total 391 tonnes after the Central Bank of Uzbekistan added 8 tonnes to its reserves. Currently, 82% of the nation's total reserves are made up of gold. The People's Bank of China (PBoC) recorded net purchase for the third consecutive month, increasing its holdings by five tonnes. At 2,258 tonnes, the bank's total gold holdings account for 6% of its overall reserves. Additionally, the National Bank of Kazakhstan (NBK) increased its gold reserves by 4t. The nation possessed 288 tons of gold, which made up 55% of its reserves, said the WGC report

The Reserve Bank of India (3t), the Czech National Bank (2t), the National Bank of Poland (3t), and the Central Bank of Qatar (1t) were the other gold purchasers during the month.

The Central Bank of Jordan and the Central Bank of Russia were the two biggest gold sellers in January 2025, both selling three tons. Two tons of gold were also sold by the Kyrgyz Republic's National Bank.

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