Central banks globally purchased over 321 tons of gold in Q3, marking the fifth-largest quarterly purchase on record

According to The Kobeissi Letter, global central banks purchased over 321 tons of gold in the third quarter of 2026, marking the largest quarterly purchase since the fourth quarter of 2024 and the fifth largest quarterly purchase on record. The central bank's gold purchases increased by 8% compared to over 296 tons in the second quarter of 2026 and by 453% compared to the first quarter of 2026.

China and Poland led the demand in the third quarter, increasing by over 63 tons and over 40 tons, respectively. As of this year, global central banks have purchased over 675 tons of gold, a 6% increase compared to the same period in 2025.