Central Banks Reportedly Buy 289 Tonnes of Gold in Q2, Up 74% Year-on-Year
Global central banks reportedly purchased about 289 tonnes of gold in the second quarter of 2026, marking a year-on-year increase that reports indicate ranges between 62% and 74%.
Reports indicate that global central banks purchased about 289 tonnes of gold during the second quarter of 2026, marking a year-on-year increase that the same sources indicate ranges between 62% and 74% compared to the same period last year.
These figures reflect a notable acceleration in the trend of central banks worldwide accumulating gold in their reserves, a trend that began to intensify since 2022 in the wake of the repercussions of the Russia-Ukraine war and rising concerns over geopolitical tensions.
China, Turkey, Poland, and India lead the list of active buyers among central banks, although a number of central banks do not disclose their purchase data on a regular periodic basis.
Analysts believe that this level of official institutional buying provides a solid demand base that limits any sharp drop in gold prices, making price declines buying opportunities in the eyes of many institutional investors.
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