Uzbekistan Buys 10 Tons of Gold, Enters Global Top Three

Uzbekistan ranked among the world’s top three gold buyers in November 2025, as the country’s Central Bank purchased 10 tons of the precious metal during the month.

The World Gold Council's report shows that net gold purchases by central banks worldwide totaled 45 tons in November, The Caspian Post reports via Uzbek media.

Demand was largely driven by regulators in emerging economies, which continue to actively build up gold reserves amid global economic uncertainty.

For the second month in a row, Poland became the largest buyer, increasing its reserves by 12 tons. Brazil followed closely with purchases of 11 tons. Uzbekistan took third place with 10 tons, reinforcing its position as one of the most active players in the gold market among developing economies.

Kazakhstan was also among notable buyers, adding 8 tons to its reserves, while more moderate purchases were recorded by the Czech Republic, China, and Indonesia.

Gold sales by central banks remained limited in November. Only Jordan, which reduced its reserves by 2 tons, and Qatar, which sold 1 ton, were reported as sellers.

The World Gold Council also noted that by year-end, Uzbekistan remains among the world’s top three gold sellers, trailing only Singapore and Russia-highlighting the country’s flexible and balanced strategy in managing its gold and foreign exchange reserves.