Global Central Banks Resume Net Gold Purchases in April, Chinese Central Bank Increases Holdings for 18th Consecutive Month

BlockBeats News, June 4th. The World Gold Council's latest report shows that after significant net selling of gold in March, global central banks returned to net buying in April, with a total addition of 17 tons of gold in that month. However, the overall gold purchasing volume is still lower than the same period last year.

Among them, Poland ranked first globally with a gold purchase volume of 14 tons, accumulating a total of 45 tons year-to-date, with gold reserves reaching 595 tons. The People's Bank of China increased its gold holdings by 8 tons in April, marking the largest single-month increase since December 2024, bringing its gold reserves to 2,322 tons and achieving 18 consecutive months of buying. The Czech central bank has been increasing its gold holdings for the 38th consecutive month, adding 2 tons in April.

Meanwhile, the Central Bank of Russia continued its selling trend, with a net sale of 6 tons of gold in April. The year-to-date gold sales reached 22 tons, marking the fourth consecutive month of net selling. Uzbekistan slightly reduced its gold holdings by 1 ton in April, but has still accumulated 24 tons year-to-date, with gold reserves accounting for a high 88% of its foreign reserves.

The World Gold Council pointed out that central banks in Eastern Europe and Asia remain the main driving force behind official gold purchases globally. Over the past 36 months, the average monthly gold purchase volume in these two regions reached 12 tons and 11 tons, respectively, continuing to support global gold demand. A survey in 2025 showed that 95% of the surveyed central banks expect global official gold reserves to continue growing in the next year, with 43% of central banks planning to further increase their gold holdings, up from 29% the previous year.