Image generated by a neural network, photo editor: Dina Karamchakova
Central banks around the world purchased 22 tons of gold in June, according to the latest data from the World Gold Council (WGC). The majority of those purchases, more than 70%, were made by Uzbekistan and Kazakhstan.
Uzbekistan added 9 tons to its gold reserves, marking a sharp shift after four consecutive months of net sales. The National Bank of Kazakhstan also made a significant addition, increasing its holdings by 7 tons.
Other central banks made more modest acquisitions: China, the Czech Republic and Turkey each purchased 2 tons, while Qatar, Ghana, the Philippines and Kyrgyzstan each bought 1 ton.
The largest seller in June was the Monetary Authority of Singapore, which reduced its gold reserves by 6 tons.
In total, global central banks purchased 123 tons of gold in the first half of 2025, a slight decrease from 130 tons during the same period last year. The biggest net buyers year-to-date are the National Bank of Poland (67 tons), the State Oil Fund of Azerbaijan (35 tons) and the National Bank of Kazakhstan (22 tons).
Notably, Kursiv.media reported that in May, Kazakhstan was the world’s most active gold buyer, increasing its reserves by 7.4 tons in a single month.
