Kazakhstan Leads Global Gold Acquisitions in 2025, Boosting Reserves by 32 Tons
Kazakhstan is fortifying its financial position by aggressively expanding its gold reserves. The Central Asian nation ranked second worldwide in gold acquisitions in 2025, purchasing a significant 15.65 tons by the end of August. This strategic move comes amidst record global gold prices and increasing demand for safe-haven assets.
The National Bank of Kazakhstan (NBK) played a pivotal role in this gold rush, accounting for more than half of the total 15 tons bought globally in August. The governor of the NBK, Timur Suleimenov, has previously discussed innovative financial initiatives, including the launch of a national stablecoin. Kazakhstan purchased a staggering eight tons of gold in August alone, making it the world's leading gold purchaser that month.
Kazakhstan's gold reserves have seen a remarkable increase of 32 tons since the end of 2024. As of August, the country's holdings stand at 316 tons. Meanwhile, other nations have also been active in the gold market. The Central Bank of Russia sold three tons of gold in August, while Türkiye, China, Uzbekistan, the Czech Republic, and Bulgaria each purchased two tons. Poland, however, led the global gold acquisitions in 2025 with 18.66 tons purchased by the end of August.
Kazakhstan's gold purchases in 2025 reflect a strategic effort to diversify and strengthen its financial position. With a significant increase in reserves and a leading role in global gold acquisitions, the country is positioning itself for economic resilience amidst uncertain global conditions.
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