Central banks bought a net 321 tonnes of gold in the third quarter of 2026, the fastest pace since late 2024, lifting estimated year-to-date purchases to 675 tonnes, according to the World Gold Council. China (63 tonnes) and Poland (41 tonnes) were the largest disclosed buyers, while Russia was the only major seller, offloading about 19 tonnes. Gold prices have fallen about 25% since the Iran conflict broke out in late February, as higher energy costs raised expectations of tighter monetary policy. Gold-backed ETF holdings rose 211 tonnes to a record for the third quarter, while jewelry demand fell 17% to 313 tonnes, its lowest Q2 level since 2000, due to tax changes in India and China and high prices. WGC’s John Reade said the weaker gold price in the third quarter may have encouraged some central banks to buy more.
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Original headline: Các ngân hàng trung ương mua vàng với tốc độ nhanh nhất kể từ cuối năm 2024
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XAU/USD
▲ Likely positiveRelevance: high
| Market | Gold |
|---|---|
| Close on 11/02/2026 | 3,946.68 |
| Change that session | +1.84% |
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 11/02/2026 | 3,952.77 |
| Change that session | +1.07% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.1B |
| Close on 11/02/2026 | 3,938.98 |
| Change that session | +1.16% |
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Related news
- Global central banks buy the most gold in two years
Central banks bought a net 321 tonnes of gold in the third quarter, up 42% from a year earlier and the largest quarterly purchase since late 2024, according to the World Gold Council (WGC). China and Poland led disclosed buying with 63 tonnes and 41 tonnes, while Russia's central bank sold 19 tonnes. Year to date, central banks have bought a net 675 tonnes, and the WGC expects them to purchase at least 848 tonnes this year, matching last year's level. Total global gold demand fell 1% to 1,369 tonnes, with bar and coin demand down 19% and jewelry down 17%, while gold-backed ETFs added 211 tonnes. Gold is roughly 30% below its January peak of $5,595.
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Over the three months to September, central banks added 321.2 metric tons of gold to reserves, while jewelry buyers bought 312.9 tons, a gap that reversed the picture from a year earlier. The World Gold Council said central-bank purchases rose 42%, while jewelry demand fell 17% amid high prices. Gold-backed ETFs added 211.2 tons, lifting global holdings to a record 4,256 tons, which the council linked to concerns over fiscal sustainability and inflation. Central banks kept buying even though the 10-year TIPS yield was 2.64% and the 10-year Treasury yielded 4.9%, and the article notes only about 120 tons of central-bank buying was directly reported. Spot gold stood near $4,086, about 12.7% below its August high.
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The World Gold Council halved its 2026 gold investment forecast as retail buying slowed. However, it raised its outlook for central bank purchases.
- Central Banks Buy Gold at Fastest Pace Since 2024, WGC Says
Central banks bought a net 321 tons of gold in the three months through September, the fastest pace since the end of 2024, according to the World Gold Council (WGC), bringing year-to-date purchases to 675 tons. Almost two-thirds of that buying was not disclosed by the central banks themselves, with China and Poland the largest disclosed buyers at 63 and 41 tons, while Russia sold 19 tons. Gold has lost about a quarter of its value since the Iran war began in late February, as higher energy costs fed expectations of tighter monetary policy, and WGC strategist John Reade said weaker prices and a stronger dollar may have encouraged some central banks to buy. Gold-backed ETF holdings rose 211 tons to a record in the third quarter. Jewelry demand fell 17% to 313 tons, the weakest third quarter since 2000, as tax changes in India and China and higher prices pushed consumers toward lighter pieces.
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