Central Bank Gold Purchases Hit Yearly Peak
Central Bank Gold Purchases Hit Yearly Peak
According to the latest World Gold Council data, global central banks sharply increased their gold purchases in October, buying a total of 53 tons — the highest monthly demand recorded in 2025.
Emerging markets lead the demand
As seen throughout the year, emerging market central banks were the main drivers of demand, with purchases rising 36% compared to September.
Poland records the strongest buying
The National Bank of Poland bought 16 tons of gold in October, raising its reserves to 531 tons. Gold now represents 26% of Poland’s total reserves.
Purchases from other countries
Brazil followed with 16 tons, Uzbekistan added 9 tons, Indonesia 4 tons, Türkiye 3 tons, and both the Czech Republic and Kyrgyzstan added 2 tons each.
Additionally, Ghana, China, Kazakhstan and the Philippines purchased more than one ton each, contributing to the month’s rising global demand.
