Global central banks continued their steady accumulation of gold in May 2025, adding 20 tonnes to their reserves amid ongoing geopolitical uncertainty and market volatility. While the monthly total marked an increase from April’s 16 tonnes, it fell short of the 12-month average of 27 tonnes, according to the World Gold Council (WGC)
Global central banks increased their gold reserves by 20 tonnes in May 2025, marking a modest uptick from April's 16 tonnes, according to the latest data from the World Gold Council (WGC). However, the figure remained below the 12-month average of 27 tonnes.
The WGC attributed the increased buying to renewed geopolitical concerns, particularly in the Middle East, which have reinforced gold's role as a strategic reserve asset amid global uncertainties.
Kazakhstan emerged as the most active buyer during the month, adding 7 tonnes to its reserves, bringing its total gold holdings to 299 tonnes. The National Bank of Kazakhstan has added 15 tonnes since the beginning of the year.
The central bank trend underlines gold’s enduring appeal as a safe-haven asset, particularly during times of geopolitical volatility and macroeconomic uncertainty.
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