May 05, 2025 09:30:15 PM
The Czech Republic and Turkey also added 2 tonnes and 1 tonne to their reserves respectively.
SEATTLE (Scrap Monster): The World Gold Council (WGC) announced central bank gold statistics for the month of March 2025.
The global central banks reported net gold purchases of 17 tonnes in the third month of this year, according to a recent report released by the gold trade association. Gross sales of 18 tonnes throughout the month balanced the monthly gross acquisitions of 35 tonnes.
According to Krishan Gopaul, Senior Analyst-EMEA and Marissa Salim, Senior Research Lead-APAC at the WGC, the National Bank of Poland increased its reserves by 16 tonnes, making it the greatest reported net purchase of gold. Other notable purchasers include People's Bank of China and National Bank of Kazakhstan, which reported net additions of 3 and 11 tonnes of gold, respectively. Additionally, Turkey and the Czech Republic increased their reserves by one and two tonnes, respectively.
The Central Bank of the Republic of Uzbekistan was the biggest net seller for the month, cutting its gold holdings by 11 tonnes. Singapore and Kyrgyzstan came in second and third, respectively, with 5 and 2 tonnes.
WGC revealed that it has purchased 61 tons of gold so far this year. Poland was the biggest net buyer this year, followed by China and Azerbaijan. Uzbekistan reported the highest net gold sales over the first three months of the year, followed by Singapore, Kyrgyzstan, and Russia.
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