Gold Demand from Central Banks Remained Robust in February

The demand from emerging market central banks was mainly led by Poland, China, Turkey and the Czech Republic.

SEATTLE (Scrap Monster): In February of this year, global central banks' demand for gold remained robust, according to a report released by the World Gold Council (WGC). Poland, China, Turkey, and the Czech Republic accounted for the majority of the demand from developing market central banks.

Global central bank gold holdings increased by 24 tonnes in the second month of this year, according to Marissa Salim, Senior Research Lead-APAC at WGC.

The National Bank of Poland (NBP), which increased its reserves by 29 tonnes in February 2025, was the biggest purchase of gold. This year, NBP has added 32 tons of gold. An estimated 480 tons of gold are held by the nation overall, making up nearly one-fifth of its entire reserves.

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In February, the People's Bank of China (PBoC) added five tonnes of gold, marking the fourth consecutive month of net buying. 3 tonnes of gold were contributed by the Central Bank of the Republic of Turkey, bringing the nation's gold holdings to 623 tonnes, or 38% of its total reserves. In February of this year, the Jordanian Central Bank also added three tonnes of gold. In the meantime, the reserves of the Czech National Bank and the Central Bank of Qatar each increased by two tonnes.

The Central Bank of Uzbekistan and the National Bank of Kazakhstan were the month's net sellers, selling off 12 and 8 tonnes of their respective gold stockpiles. According to the WGC report, these two banks have topped the net selling activity so far this year.

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