In November 2025, Uzbekistan ranked third among the largest gold buyers in the world, acquiring 10 tons. This is reported by the World Gold Council.
In total, central banks around the world bought 45 tons of precious metal in a month, with the main growth in demand coming from developing countries increasing reserves in the face of global economic uncertainty.
Poland became the leader in purchases for the second month in a row with 12 tons, Brazil was in second place with 11 tons, and Uzbekistan was third with 10 tons. Kazakhstan was also among the notable buyers with 8 tons. Gold sales were minimal: Jordan reduced reserves by 2 tons, Qatar by 1 ton.
It is noted that at the end of 2025, Uzbekistan remains in the top three gold sellers in the world, second only to Singapore and Russia, which reflects a flexible strategy for managing gold and foreign exchange reserves.
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