Central Banks Buy Gold at Fastest Pace Since 2024, WGC Says
21 Articles
21 Articles
After the correction on the gold market, two central banks in particular have increased their foreign exchange reserves with precious metal, which could act as a starting signal for further investors.
️ In Q3, total global gold demand decreased by 1% y/y to 1,369 tonnes
Central banks and other official institutions increased net reserves by 321 tonnes in Q3 (+42% y/y), the highest quarterly figure since Q4 2024, while portfolio diversification and risk management remain the main drivers of demand. Year-to-date...
The World Gold Council has reported a dramatic increase in gold purchases by the world's central banks, with purchases by these institutions in the third quarter of 2026 reaching the highest level since the end of 2024.
Business Times
Central banks buy gold at fastest pace since 2024, WGC says
China and Poland are the biggest disclosed buyers in the latest quarter Read more at The Business Times.
Central banks have significantly accelerated their gold purchases. In the third quarter, they increased their net reserves by 321 tons—the most since the end of 2024. As Bloomberg notes, the central banks of China and Poland stood out among the institutions that disclosed their transactions.
Central banks around the world bought 321 tonnes of gold in the quarter ending in September, bringing the total purchases for 2026 to 675 tonnes. China was the largest buyer with 63 tonnes and Poland with 41 tonnes, while Russia was the only major seller with 19 tonnes.
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