Central Banks Bought 23 Metric Tons of Gold in July

In July, central banks globally acquired a net total of 23 metric tons of gold, aligning with the year’s established pattern. China emerged as the leading purchaser, acquiring 20 metric tons, with its central bank showing increased buying activity since May 2026. Poland followed as the second-largest buyer, while Russia was the primary net seller, offloading 6 metric tons.

• Central banks worldwide purchased a net 23 metric tons of gold in July.
• China was the largest buyer, purchasing 20 metric tons.
• The People’s Bank of China has significantly increased its gold purchases since May 2026.
• Poland was the second-largest buyer, acquiring 8 metric tons.
• Russia was the top net seller, selling 6 metric tons.
• Turkey, Uzbekistan, and Jordan each sold 1 metric ton.