Business news from Ukraine

Central banks purchased more than 19 tons of gold in a month

29 September , 2022  

World central banks, according to preliminary data, bought 19.6 tons of gold in gold reserves in August, follows from the data of the World Gold Council (WGC).

This is the fifth consecutive month of growth, although its pace is declining, said WGC analyst Krishan Gopaul.

Turkey, the biggest buyer of gold this year, added another 8.9 tons to its reserves. In total, since the beginning of the year, it has purchased 84 tons of gold and brought its volume in reserves to 478.2 tons.

Uzbekistan bought 8.7 tons of gold in August, from the beginning of the year – 19.3 tons, increasing reserves to 381.3 tons.

In third place in terms of purchases in August was Kazakhstan with 2 tons, although in total since the beginning of the year it has reduced the volume of gold in reserves by 27.6 tons, to 374.8 tons.

Gopaul notes that according to the Central Bank of Qatar, he also bought gold in August, but so far the exact figures have not been disclosed and therefore are not reflected in the WGC statistics.

,