The central banks of Kazakhstan, Turkey, Poland, China and the Czech Republic got the most gold in May.
In May 2025, the central banks of various countries replenished their gold reserves and foreign exchanges with 20.5 tons of gold. This has been proven by the initial scores of the World Gold Council (World Gold Council, WGC).
The corresponding indicator exceeds the volume of April purchases (15.6 tons), but remained lower than the average extraction level over the last 12 months, which has been about 27 tons, records of WGC analysts.
“The worsening of the conflict in the Middle East has probably increased the strategic attractiveness of gold for the middle banks aimed at protecting reserves from geopolitical shocks,” commented Mariss Salim Analyst.
The largest gold buyer in May became:
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Kazakhstan – 7.4 tons
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Türkiye – 6.4 tons
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Poland – 6.2 tons
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China – 1.9 tons
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Czech Republic – 1.6 tons
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Kyrgyzstan – 1.3 tons
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Cambodia – 1 ton
The purchases of the remaining central banks cost less than a ton.
At the same time, the central bank of Singapore, which reduced the reserves of 5.4 tons, is the largest gold seller.
The WGC also reminds a recent survey of representatives of central banks of various countries. According to him, 43% of respondents hope that their countries will buy gold next year, while 95% of respondents believe that gold reserves in international gold and foreign reserves will continue to grow.
According to the respondents, gold maintains the ability to vary and owned crisis and inflation assets.
Remember that gold became the second most popular owner in the international reserves of World Central Banks in 2024, which exceeded the Euro.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.