According to experts, in November 2024, central banks around the world continued to actively increase their gold reserves, acquiring 45 tons of the precious metal. Although the volume of purchases slightly decreased compared to October, it still remains at a high level.
The demand for gold from central banks demonstrated stability. In the first 11 months of 2025, the total volume of net purchases amounted to 297 tons. The most notable increases in November were shown by the central banks of Poland (+12 tons) and Brazil (+11 tons). Active buyers also included Uzbekistan (+10 tons), Kazakhstan (+8 tons), as well as Kyrgyzstan and the Czech Republic (+2 tons each). A slight increase in reserves was recorded by the People's Bank of China and the Bank of Indonesia — one ton each.
It is worth noting that gold, surpassing the US dollar, has become the most important global reserve asset. This change highlights the growing interest of central banks in gold reserves amid financial market instability.
