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Oct 11, 2026
Central banks reported 39 tonnes of net gold buying in August, bringing year-to-date purchases to 170 tonnes. Poland leads with 98 tonnes, ahead of China at 80 tonnes, while Russia has sold 56 tonnes and Turkey 82 tonnes. The divergence challenges any simple narrative of uniform official-sector accumulation.
Poland has bought more gold than any other reporting central bank in 2026, while Russia and Turkey have been net sellers, exposing a divide beneath the headline increase in official-sector demand. Central banks reported net purchases of 39 tonnes in August, bringing the first eight months of the year to 170 tonnes, according to figures compiled by the World Gold Council from central-bank and IMF data.
Poland added eight tonnes in August, lifting its year-to-date purchases to 98 tonnes and taking its holdings to approximately 648 tonnes. China acquired 20 tonnes during the month, its twenty-second consecutive reported monthly increase, and has added 80 tonnes this year. The People's Bank of China's gold stock was about 2,387 tonnes, equivalent to roughly 9% of its official reserves. The two countries have accumulated gold consistently, but their pace and starting reserve allocations differ.
Other central banks also expanded holdings.