Uzbekistan’s Central Bank Buys Two Tonnes of Gold

Uzbekistan’s Central Bank purchased two tonnes of gold in August 2025, according to data from the World Gold Council (WGC).

In total, central banks worldwide acquired about 15 tonnes of gold during the month. Kazakhstan led the way with eight tonnes, while the central banks of Bulgaria, China and Turkey each bought two tonnes. The WGC noted that this year’s record-high gold prices are likely limiting the scale of central bank purchases.

«This may also lead to more tactical sales. However, the recent slowdown in buying does not necessarily mean central banks are losing interest in gold overall,» the report stated.

The only sellers in August were Russia’s Central Bank, which offloaded three tonnes, and the Bank of Indonesia, which sold two tonnes. WGC experts suggested that Russia’s reduction in reserves may be linked to its coin-minting programme.

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