This year, Poland and Kazakhstan have emerged as the top gold buyers worldwide, scooping up 67.1 tons and 32.4 tons respectively, according to the World Gold Council via research from BestBrokers.
China ranks third with 22.7 tons, while other countries rounding out the top ten include Turkey, the Czech Republic, Cambodia, Ghana, Qatar, India, and Serbia.
The surge in purchases highlights growing interest in gold as a safe-haven asset, particularly amid global economic uncertainties and shifting geopolitical dynamics.
Russia Reduces Gold Holdings for the First Time in Nearly Two Decades
On the other side of the spectrum, several countries have cut back on their official gold reserves.
Uzbekistan led this group, selling off 16.8 tons, followed by Singapore with 15.8 tons and Indonesia at 12.9 tons.
Russia reduced its reserves by 6.2 tons, marking its first decrease in nineteen years after steadily increasing gold holdings for seventeen straight years.
Germany also trimmed its reserves slightly, by 1.3 tons.
Despite these reductions, the world’s largest national gold reserves remain largely unchanged.
The United States sits firmly at the top with 8,100 tons, followed by Germany (3,350 tons), Italy (2,450 tons), France (2,440 tons), and Russia (2,320 tons).
These holdings continue to underpin each nation’s financial security.
Analysts Point to China’s Quiet Gold Accumulation
Financial experts are closely watching China, which is suspected of quietly amassing gold beyond official figures.
Analysts at Societe Generale believe the recent surge in gold prices is partly fueled by Beijing’s covert buying.
Estimates suggest China could purchase up to 250 tons this year, with total reserves potentially exceeding 5,000 tons — more than double what has been publicly reported.
If these projections are accurate, China’s secret accumulation could significantly influence global gold markets and reshape the balance of financial power among major economies.
Gold Remains a Key Hedge in Volatile Times
With nations both adding and reducing reserves, and prices climbing amid speculation, gold continues to play a crucial role as a hedge against uncertainty.
Poland and Kazakhstan’s aggressive buying, coupled with Russia’s historic reduction and China’s secretive accumulation, underscores how central the metal remains in global finance.
Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn»TDPel Media News« »For Breaking News«| »For Featured«| »For Biographies« »For Lifestyle« »For Lottery« »For Fashion« »For Politics« »For Business« »For Entertainment« »For Wellness and Fitness« »For Religion« »For Science« »For Sports« »For Technology« »For Health« »For TDPelTV« »For World News« »TDPel Media News« »For TDPel Community« »TDPel Media News« »For Breaking News«| »For Featured«| »For Biographies« »For Lifestyle« »For Lottery« »For Fashion« »For Politics« »For Business« »For Entertainment« »For Wellness and Fitness« »For Religion« »For Science« »For Sports« »For Technology« »For Health« »For TDPelTV« »For World News« »TDPel Media News« »For TDPel Community«