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🌎 Central Bank Gold Buying in August 2025 shows Bottom of Gold

By October 4, 2025No Comments

🏦 Global Reserves Rise by 15 Tonnes After July Pause

After a brief pause in July, global central banks returned to gold buying in August, adding a net 15 tonnes (t) to international reserves — marking a solid rebound in official sector demand.
(Source: IMF, World Gold Council)

📈 Key Highlights

  • 🟡 Net Additions: +15 tonnes of gold added to global reserves in August 2025.

  • 🏦 Major Buyers: Kazakhstan 🇰🇿 led with +8t, followed by Bulgaria 🇧🇬, Turkey 🇹🇷, China 🇨🇳, Uzbekistan 🇺🇿, Czech Republic 🇨🇿, and Ghana 🇬🇭.

  • 🔻 Sellers: Only Russia 🇷🇺 (–3t) and Indonesia 🇮🇩 (–2t) reported sales.

  • 📅 Buying Trend: Consistent with March–June monthly pace; July was flat after revision due to Indonesia’s sale.

    🏆 Top Central Bank Gold Buyers – August 2025

    Country
    Change (t)
    Total Reserves (t)
    Key Notes
    🇰🇿 Kazakhstan
    +8t
    316t
    Sixth straight month of buying; +32t YTD
    🇧🇬 Bulgaria
    +2t
    43t
    Largest monthly rise since 1997; pre-EURO accession buildup
    🇹🇷 Turkey
    +2t
    639t
    Up +21t YTD; steady accumulation continues
    🇨🇳 China (PBoC)
    +2t
    >2,300t
    Tenth consecutive month; now 7% of FX reserves
    🇺🇿 Uzbekistan
    +2t
    366t
    Recovering after earlier tactical selling
    🇨🇿 Czech Republic
    +2t
    65t
    30-month streak; targeting 100t by 2028
    🇬🇭 Ghana
    +2t
    36t
    YTD total +5t; supports gold-reserve strategy

    💬 Poland Raises Its Gold Target to 30% of Reserves

    • 🇵🇱 National Bank of Poland (NBP) — the largest buyer of 2025 — announced a new gold target of 30% of total reserves (up from 20%).

    • 📊 NBP has already accumulated +67t YTD, bringing total holdings to 515t.

    • 🧭 Statement: “The scale and pace of purchases will depend on market conditions.”

    • 💡 This move signals a strategic commitment to gold as a long-term reserve asset despite temporary pauses in buying.

    🇸🇻 El Salvador Boosts Gold Reserves

    • The Central Reserve Bank of El Salvador purchased 13,999 oz (≈0.43t) in September.

    • 📈 The bank described it as a long-term strategic position, ensuring prudent diversification of its international assets.

    • 🇸🇻 Total holdings now stand at just under 2 tonnes.

    🧠 Key Takeaways

    • 🔁 Gold Demand Resilient: Despite record-high gold prices, central banks continue to accumulate — showing strong conviction in gold’s role as a safe-haven and de-dollarization asset.

    • 🌍 Diverse Buyers: From Europe to Asia and Africa, both developed and emerging nations are increasing exposure.

    • 💰 Strategic Accumulation: Recent actions confirm gold remains a core pillar of central-bank diversification strategies amid geopolitical and fiscal uncertainty.

    📅 Looking Ahead

    📘 The World Gold Council will publish the Q3 Central Bank Gold Demand Report on 30 October 2025, offering deeper insight into official sector trends, reserve allocations, and emerging buyers.

    ✨ Summary

    🔸 Global Central Banks added +15t in August after a July pause
    🔸 Kazakhstan, Bulgaria, and China lead accumulation
    🔸 Poland raises gold target to 30% of reserves
    🔸 El Salvador joins list of active buyers
    🔸 Official gold demand remains robust despite price highs

    🪙 By Tradeline Capital
    📍 Bullion & Macro Research Desk
    🌐 www.tradelinecapital.in
    📲 For daily Gold & Silver Outlooks – Join our Telegram & WhatsApp Broadcast

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