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Leaders in Gold Purchases Among Countries Named

Евгения Комарова • • Economy / Exclusive
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Leaders in gold purchases among countries

According to data from the World Gold Council, Poland and Kazakhstan have become the main buyers of gold since the beginning of this year, as reported by BestBrokers.

Poland purchased 67.1 tons of the precious metal, while Kazakhstan bought 32.4 tons. China ranks third with 22.7 tons of gold in its reserves.

The top ten largest buyers also include:

Among the countries that officially reduced their gold reserves, Uzbekistan ranks first, having cut its reserves by 16.8 tons. Following it are:

For Russia, this is the first reduction in reserves in the last 19 years, while for 17 years, up until 2023, the country consistently increased its gold reserves.

The most significant gold reserves in the world

In the global ranking by gold reserves, the leading countries are:

Analysts at Societe Generale previously suggested that the sharp rise in gold prices this year is due to active covert purchases by China. According to their forecasts, by the end of 2025, the volume of purchases could reach 250 tons, and the country's actual reserves could exceed 5,000 tons, which is twice the officially reported figures.
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