According to the World Gold Council, central banks around the world reduced their gold purchases in April 2025.
As per the latest report, many banks stopped buying gold because gold prices reached record highs in April. This raises the question — will gold prices fall in the coming months?
Last month, central banks globally made a net purchase of 12 tonnes of gold, which is 12% less than in March. This figure is also much lower than the 12-month average of 28 tonnes.
Poland Bought the Most Gold
Despite the decline in overall purchases, some countries are still actively buying gold.
Poland’s Central Bank (NBP) bought 12 tonnes of gold in April 2025 alone, making it the biggest gold buyer so far this year.
After this addition, Poland’s gold reserve has reached 509 tonnes, which is now higher than the European Central Bank’s (ECB) reserve of 507 tonnes.
Falling Demand May Bring Down Gold Prices
Experts say that central banks buy gold as a safe and stable investment, especially when the US dollar is weak or there are global economic uncertainties. This is why some countries are continuing to invest in gold, even at high prices.
However, the report also says that if gold prices drop slightly, countries like China, Turkey, and India might start buying again.
Gold continues to be an important part of the global financial system, and central banks are still keeping a close watch on its market trends.
