Global Central Banks Accelerate Gold Purchases in Q3 2025: WGC Report
Gold | 2025-11-03 18:46:27
During Q3 this year, the National Bank of Kazakhstan was the largest gold buyer, adding 18 tonnes to its gold reserves.
By Paul Ploumis
SEATTLE (Scrap Monster): The World Gold Council (WGC) has released its Gold Demand Trends Q3 2025 report, revealing a strong rebound in central bank gold buying activity during the third quarter of the year. The report highlights that net central bank gold purchases reached 219.9 tonnes, marking a 10% increase year-on-year and a 28% rise from the previous quarter. The quarterly total also exceeded the five-year average by 6%, signaling continued confidence in gold as a strategic reserve asset.
So far in 2025, global central banks have accumulated 634 tonnes of gold, positioning the year for another robust performance in official sector demand. WGC noted that the sustained momentum underscores the metal’s enduring appeal as a hedge against inflation, geopolitical risks, and currency fluctuations.
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Among the key buyers in Q3, the National Bank of Kazakhstan led the pack, adding 18 tonnes to its reserves. The Central Bank of Brazil followed with 15 tonnes—its first significant purchase in nearly four years. Meanwhile, Turkey’s central bank boosted its holdings by 7 tonnes, and the Bank of Guatemala increased its reserves by 6 tonnes.
On the other hand, only two institutions reported a decline in official gold holdings. The Central Bank of Uzbekistan reduced its reserves by 3 tonnes, while the Qatar Central Bank sold 1 tonne during the quarter.
Overall, the WGC report suggests that central bank demand for gold remains on track for another exceptional year, reflecting growing trust in the yellow metal’s stability amid global economic uncertainty.
POLL
What is the main reason behind the surge in global central bank gold purchases during Q3 2025, according to the WGC report?
Frequently Asked Questions
- How much gold have central banks purchased so far in 2025?
As of the third quarter, central banks have collectively added 634 tonnes of gold to their reserves, putting the year on track for another strong performance in official sector demand.
- Did any central banks reduce their gold holdings?
Yes. The Central Bank of Uzbekistan reduced its reserves by 3 tonnes, and the Qatar Central Bank sold 1 tonne of gold during the quarter.
- Which countries were the major gold buyers in Q3 2025?
The National Bank of Kazakhstan led purchases with 18 tonnes, followed by Brazil (15 tonnes), Turkey (7 tonnes), and Guatemala (6 tonnes).
