2025 Global Central Bank Gold Purchases Exposed - Poland Leads Increase for the Year, Singapore Rarely Sells

Crazy Shopping: 1. Polish central bank: The total gold purchases in 2025 amounted to about 102 tons, increasing gold reserves to 550 tons, making it the world's largest official gold buyer for the second consecutive year. Central Bank Governor Adam Glapiski stated in January 2026 that for "national security reasons," they plan to further increase gold reserves to 700 tons, but have not yet provided a specific timeline. 2. Kazakhstan central bank: The total gold purchases in 2025 amounted to about 57 tons, setting a new annual record since 1993. Governor Timur Suleimenov stated that the central bank's current gold purchasing policy will continue until the geopolitical situation stabilizes worldwide. 3. Brazilian central bank: The total gold purchases in 2025 amounted to about 43 tons, increasing gold reserves to 172 tons. The Brazilian central bank resumed gold purchases in 2025, the last time being in 2021. Despite the significant increase in gold reserves, gold still only accounts for 7% of its total foreign exchange reserves. 4. Azerbaijan State Oil Fund: Increased gold holdings by 38 tons in the first three quarters of 2025, demonstrating continued strengthening of reserve structure. As of the time of writing, gold purchase data for the fourth quarter of the fund has not been disclosed. The fund manager stated plans to continue increasing gold investments this year. 5. Turkish central bank: The total gold purchases in 2025 amounted to about 27 tons, increasing official gold reserves to 644 tons. The Turkish central bank maintains a stable pace of gold purchases despite market fluctuations. 6. Chinese central bank: The total gold purchases in 2025 amounted to about 27 tons, with an increase of 2.79 tons in the fourth quarter, bringing official gold reserves to 2306.32 tons. 7. Czech central bank: The total gold purchases in 2025 amounted to about 20 tons, similar to the levels of the previous three years. The bank's current gold reserves are 72 tons, with a target to reach 100 tons by 2028. The central bank governor stated a desire to increase gold reserves as part of the future changes in the bank's investment portfolio. Exiting at High Levels: 1. Monetary Authority of Singapore: Sold 15 tons of gold in 2025. 2. Russian central bank: Sold 6 tons of gold in 2025, stating that the sale of gold is to meet the funding needs of the national budget. 3. German central bank: Sold 1 ton of gold in the year, which is likely related to its long-term coin minting program. 4. Jordanian central bank: Sold 1 ton of gold in the year.