Kazakhstan Becomes World’s Second-Largest Gold Buyer in June
Photo: Elements.envato.com, ill purposes
The National Bank of Kazakhstan has resumed active gold purchases, ranking second globally in June and third overall since the start of 2025, Orda.kz reports.
According to the latest World Gold Council report, Kazakhstan trailed only neighboring Uzbekistan in state gold acquisitions for June. The National Bank bought seven tonnes, while Uzbekistan’s central bank acquired nine tonnes — despite selling around 19 tonnes over the year, as it mostly reduced reserves rather than increased them.
In the first half of 2025, Kazakhstan ranked third in total gold purchases, after Poland and Azerbaijan, with 22 tonnes acquired. Globally, countries bought 123 tonnes of gold from January to June — slightly less than in the same period of 2024.
Alongside Uzbekistan, the top sellers in 2025 have been the national banks of Singapore, Russia, and Germany.
In May, Kazakhstan led the world in gold purchases, outpacing Poland and China with another seven tonnes bought. The National Bank’s heightened interest in gold is linked to efforts to shield the economy from external risks amid falling global oil prices and a weakening tenge against the US dollar.
Original Author: Nikita Drobny
Latest news
- Endangered Leopard Seen Again In Ustyurt
- Are Kazakhstan’s Ruling Party And Newest Party About To Merge?
- Where Will Astana’s Second Airport Be Built?
- Gibbons And Ring-Tailed Lemurs Born At Almaty Zoo
- Another Group Of Rare Wild Horses Arrives In Kazakhstan
- Heirs Of The Horde? Kazakhstan Reconsiders Its Official History
- Kazakhstan Wants AI To Help Assign Conscripts To Military Units
- Kazakhstan’s Labor Market Will Need More Than A Million Workers
- Belarusian Citizen Extradited From Kazakhstan After Alleging Abuse In Detention
- Illegal Database With Millions Of Kazakhstanis’ Data Found In Zhetysu Region
- Astana LRT Could Get A New Name
- Tokayev Sets Rules For Kazakhstan’s New Political System
- Kazakhstan Looks To Hong Kong To Open New Farm Export Routes
- Kazakhstan Simplifies Social Payment Rules
- Record Gold Reserves And Slower Inflation: What The National Bank Reported To Tokayev
- Gazprom To Increase Gas Supplies To Kazakhstan In 2026
- Gasoline Worth 37 Billion Tenge: Kazakhstan Uncovers Fuel Export Scheme To Kyrgyzstan
- Kazakhstan To Change Rules For Using State Symbols
- Cyprus Visit To Kazakhstan Sparks Dispute In Greek And Turkish Media
- Business Subsidies To Be Reviewed Once Every Three Years
