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World Gold Council: Global Central Banks Increased Gold Reserves by 244 Tons in Q1

AirdropBlackHole
On April 29, the World Gold Council released its Global Gold Demand Trends Report for Q1 2026, indicating that total global gold demand (including over-the-counter transactions) reached 1,231 tons in the first quarter, a year-on-year increase of 2%. The total demand value surged to a record $193 billion, marking a 74% year-on-year increase. According to statistics, global central banks added 244 tons of gold to their reserves in the first quarter. Despite a slight increase in gold sales by a few official institutions such as Turkey, Russia, and the Azerbaijan State Oil Fund, the amount of gold purchased by global central banks remained higher than both the previous quarter and the five-year average. (Financial Associated Press)
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