Why is this important
The purchase of gold remains a key tool for protecting reserves from currency risks. Uzbekistan is consistently increasing its gold reserves, strengthening its financial stability amid fluctuations in global markets.
What happened
- In August, global central banks purchased around 15 tons of gold.
- Kazakhstan became the leader in terms of procurement volume — 8 tons.
- Uzbekistan, Bulgaria, China, and Turkey purchased 2 tons each.
- The sellers were the Central Bank of Russia (3 tons) and the Bank of Indonesia (2 tons).
- The WGC noted that the rise in global gold prices limits the volume of purchases, but central banks’ interest in the precious metal remains high.
What they say
The recent slowdown in purchases does not mean a loss of interest in gold. Central banks continue to view it as a strategic asset, — WGC analysts note.
Context
In June, the Central Bank of Uzbekistan purchased 11.1 tons of gold, which was the largest purchase in recent years. Domestic gold sales to the population also reached record levels: 380 kg and coins were sold in 9 months of 2025.
The Central Bank uses gold as a means of diversifying reserves and stabilizing the foreign exchange market.
