Central banks have been net buyers of gold every year since 2010, with official-sector purchases regularly exceeding 1,000 tonnes annually in recent years. The largest accumulators include the People's Bank of China, the Reserve Bank of India, the National Bank of Poland, the Central Bank of Turkey, and the Central Bank of Russia. Their buying is driven by reserve diversification away from US dollar holdings, sanctions risk, and a desire to back monetary policy with a neutral reserve asset.
For investors, sustained central bank demand is one of the most durable structural supports for the gold price. While ETF and retail demand move in cycles, official-sector buying has consistently absorbed a meaningful share of annual mine supply. This feed tracks monthly purchase reports from the World Gold Council and IMF International Financial Statistics, plus on-the-record commentary from central bank officials.
