Central banks bought net 53 tonnes of gold in October for the strongest month of 2025 – WGC’s Gopaul

By Ernest Hoffman – Kitco News

Central banks saw their strongest month of the year for gold purchases in October, with leading buyers returning and new states expressing an interest in ramping up holdings, according to Krishan Gopaul, Senior Analyst, EMEA at the World Gold Council (WGC).

“Central bank demand for gold remained robust in October, totalling 53t (+36% m/m) and continuing the strong trend seen throughout the year,” Gopaul said in the WGC’s latest report. “Buying remained concentrated among a small number of central banks, led by the National Bank of Poland which became active again during the month.”