Central Bank of Uzbekistan Sells One Tonne of Gold in April
The Central Bank of Uzbekistan reduced its gold reserves by one tonne in April this year. The latest figures were published by the World Gold Council (WGC) as part of its regular monitoring of global precious metal movements.
Despite this recent sale, the Uzbek regulator remains a net buyer of the precious metal on an annual basis. Over the measured period, the central bank has added a total of 24 tonnes to its national reserves.
Looking at the wider international market, Poland emerged as the largest buyer among global central banks in April by acquiring 14 tonnes.
China followed by adding eight tonnes to its reserves. This marked the highest rate of gold purchases by the Chinese central bank since December 2024. Meanwhile, the Czech National Bank also bolstered its holdings with a three-tonne acquisition.
Conversely, the Bank of Russia continued to offload its gold assets. The Russian regulator sold six tonnes of the metal in April alone. This brings its total sales volume since the beginning of the year to 22 tonnes.
According to the WGC report, central banks across Eastern Europe and Asia remain some of the most prominent purchasers in the global gold market. Both regions have consistently expanded their reserves. Over the past 36 months, countries within these areas have purchased an average of 12 and 11 tonnes of gold per month respectively.
