According to experts, in November of last year, central banks around the world continued to actively increase their gold reserves, acquiring 45 tons of this precious metal. Although the volume of purchases slightly decreased compared to October, it still remained at a high level.
Stable demand for gold from regulators continues to be observed. For the first 11 months of 2025, the total volume of net purchases amounted to 297 tons. The largest increases in November were shown by the central banks of Poland (+12 tons) and Brazil (+11 tons). Active buyers also included Uzbekistan (+10 tons), Kazakhstan (+8 tons), Kyrgyzstan, and the Czech Republic (+2 tons). A slight increase in reserves was recorded by the Bank of China and the Bank of Indonesia, each adding one ton.
It is worth noting that gold has surpassed the US dollar and has become the largest reserve asset in the world. This change indicates a growing interest among central banks in gold reserves amid financial instability.
