Many countries rush to hoard gold

December 9, 2025 10:34

DNO - Central banks of many countries bought a net 53 tons of gold in October 2025, up 36% from the previous month and the strongest monthly net buying since the beginning of the year. Russia's gold reserves also reached an all-time high.

According to data from the World Gold Council (WGC), the total net gold purchases by central banks in the 10 months of 2025 reached 254 tons, making this year the fourth year of gold accumulation this century.The gold buying spree has fueled persistent concerns about economic stability and the need to diversify portfolios away from traditional reserve currencies.

Of which, the Central Bank of Poland led in gold purchases in October, with 16 tons and raising the country's gold reserves to a record 531 tons, equivalent to about 26% of total foreign exchange reserves.

Brazil also increased its gold holdings by 16 tonnes, while Uzbekistan added 9 tonnes and Indonesia added 4 tonnes. Türkiye, the Czech Republic and the Kyrgyz Republic each added 2-3 tonnes to their reserves. Meanwhile, Ghana, China, Kazakhstan and the Philippines have increased their demand for gold this year.According to the Nation (Thailand), a recent survey found that 95% of central banks expect to increase their gold reserves next year. Serbia plans to nearly double its bullion reserves to 100 tonnes by 2030, while Madagascar and South Korea are considering similar moves.

Demand for gold has continued to rise despite record prices, underscoring its strategic role in an increasingly uncertain world.Meanwhile, RT (Russia) channel cited a report from the Central Bank of Russia last weekend, stating that the country's gold reserves reached a record of more than 310 billion USD for the first time on December 1, 2025. This is the fourth consecutive month that Russia's gold reserves have increased, by 3.6% compared to the previous month.Gold accounted for 42.3% of Russia's assets in December, the highest level since March 1, 1995, when the ratio was 43.9%. Russia's international reserves increased to $734.59 billion by December 1, 2025.

Moscow is now the world's fifth-largest investor in gold, behind the United States, Germany, Italy and France, according to WGC estimates. Moscow's investment in bullion rose to a record $92 billion over the past 12 months.The price of this precious metal, considered a hedge against inflation and currency fluctuations, surpassed the historical mark of $4,000/ounce in October 2025, while in 2023, gold prices traded below the threshold of $2,000/ounce.In late October 2025, it was reported that during the period from April to September 2025, the Reserve Bank of India (RBI) repatriated about 64 tonnes of gold from overseas reserves following several other large-scale transfers.Many world market experts rate the role of gold as a “great portfolio diversifier”.

Source: https://baodanang.vn/nhieu-nuoc-do-xo-tich-tru-vang-3314257.html