Global central banks resumed net gold purchases in April, with China's central bank increasing holdings for the 18th consecutive month

BlockBeats News, June 4 — The World Gold Council's latest report shows that after a significant net sell-off of gold in March, central banks around the world turned to net buyers again in April, adding a total of 17 tons of gold that month, though the overall gold purchase scale remains below the same period last year.

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

Meanwhile, the Russian Central Bank continued its trend of reducing holdings, net selling 6 tons of gold in April, with total sales reaching 22 tons this year, marking the fourth consecutive month of net sales. Uzbekistan slightly reduced its holdings by 1 ton in April but has still increased its gold reserves by 24 tons this year, with gold reserves accounting for up to 88% of its foreign exchange reserves.

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