Central Banks Boost Gold Reserves by 15 Tons in August

Global central banks added a total of 15 tons of gold to their reserves in August, according to the latest report from the World Gold Council (WGC). The data, compiled from sources including the International Monetary Fund and national central banks, shows a return to active gold purchasing following a temporary pause in July.
The August figure aligns with the average monthly purchases recorded between March and June. The slight slowdown in July was attributed to Indonesia’s decision to sell 11 tons of its gold reserves.
Despite record-high gold prices in 2025, central banks have maintained their interest in the precious metal. The WGC emphasized that the recent slowdown in buying activity does not indicate a loss of interest in gold among central banks. A comprehensive review of global gold demand for the third quarter will be released on October 30.
Several countries increased their gold holdings last month. Kazakhstan led the way with an 8-ton addition, marking its sixth consecutive month of accumulation and bringing its total reserves to 316 tons. Uzbekistan followed closely with a 2-ton purchase, raising its reserves to 366 tons.
Turkey and China each added 2 tons to their reserves, bringing Turkey’s total to 639 tons and China’s to over 2,300 tons. Bulgaria made its largest monthly purchase since 1997, acquiring 2 tons and increasing its reserves to 43 tons ahead of its planned eurozone accession in 2026. The Czech Republic continued its impressive streak, adding 2 tons for the 30th consecutive month and reaching 65 tons in total reserves.
Only two countries reduced their gold holdings in August. Russia sold 3 tons reportedly for its coin-minting program, while Indonesia offloaded 2 tons.
Uzbekistan has maintained its position as one of the most active gold purchasers globally. Earlier this year, in January 2025, the country made a significant acquisition of 8 tons, bringing its reserves to 391 tons – approximately 82% of its total international reserves.