World Gold Council: Central banks reported net gold purchases of 22 tons in June, bringing the total to 123 tons in the first half of the year
2025-08-06 10:22:53
The latest Central Bank Gold Statistics Report released by the World Gold Council (WGC) shows that sovereign demand for gold remained stable in June, capping a strong performance in the first half of this year.
“ Central banks reported 22 tonnes of net gold purchases in June, as reported by the IMF and other publicly available sources, marking the third consecutive month of modest month-on-month growth in demand based on available data,” wrote Krishan Gopaul, senior EMEA analyst at the WGC.
Gopaul said central banks reported net purchases of 123 tons in the first half of 2025 , a slight year-on-year decrease from the first half of 2024.
“The Central Bank of Uzbekistan was the largest buyer during the month, ending a four-month selling streak. The National Bank of Kazakhstan was also a significant buyer, while purchases elsewhere were smaller,” he noted.
Uzbekistan bought 9 tonnes of gold in June, and Kazakhstan bought 7 tonnes. Other notable sovereign buyers were the Czech Republic and Turkey, which each bought 2 tonnes of gold during the month, while Ghana, Qatar, the Philippines, and Kyrgyzstan each added 1 tonne of gold.
On the other side of the market, the Monetary Authority of Singapore (MAS) was the largest seller, liquidating 6 tonnes of gold in June.
As for statistics for the first half of the year, the National Bank of Poland was by far the largest reported net buyer at 67 tonnes, followed by Azerbaijan at 35 tonnes and the National Bank of Kazakhstan at 22 tonnes.
In the first half of 2025, the three largest sovereign sellers of gold were Uzbekistan, Singapore and Russia.
Spot gold daily chart Source: Yihuitong
At 10:22 Beijing time on August 6, spot gold was quoted at $3,375.66 per ounce.
“ Central banks reported 22 tonnes of net gold purchases in June, as reported by the IMF and other publicly available sources, marking the third consecutive month of modest month-on-month growth in demand based on available data,” wrote Krishan Gopaul, senior EMEA analyst at the WGC.
Gopaul said central banks reported net purchases of 123 tons in the first half of 2025 , a slight year-on-year decrease from the first half of 2024.
“The Central Bank of Uzbekistan was the largest buyer during the month, ending a four-month selling streak. The National Bank of Kazakhstan was also a significant buyer, while purchases elsewhere were smaller,” he noted.
Uzbekistan bought 9 tonnes of gold in June, and Kazakhstan bought 7 tonnes. Other notable sovereign buyers were the Czech Republic and Turkey, which each bought 2 tonnes of gold during the month, while Ghana, Qatar, the Philippines, and Kyrgyzstan each added 1 tonne of gold.
On the other side of the market, the Monetary Authority of Singapore (MAS) was the largest seller, liquidating 6 tonnes of gold in June.
As for statistics for the first half of the year, the National Bank of Poland was by far the largest reported net buyer at 67 tonnes, followed by Azerbaijan at 35 tonnes and the National Bank of Kazakhstan at 22 tonnes.
In the first half of 2025, the three largest sovereign sellers of gold were Uzbekistan, Singapore and Russia.
Spot gold daily chart Source: Yihuitong
At 10:22 Beijing time on August 6, spot gold was quoted at $3,375.66 per ounce.
- Risk Warning and Disclaimer
- The market involves risk, and trading may not be suitable for all investors. This article is for reference only and does not constitute personal investment advice, nor does it take into account certain users’ specific investment objectives, financial situation, or other needs. Any investment decisions made based on this information are at your own risk.
