Asian central banks to continue gold purchasing

Central banks in China, India and Singapore have added to their gold reserves amid geopolitical and foreign exchange uncertainties.
May 14, 2024

Annual demand of gold in 2023 fell by 5%, compared to that in 2022, to 4,448 tonnes, excluding over the counter (OTC) transactions. Within these changes, central banks contributed to 1,037 tonnes of the gold demand last year, the second highest on record, according to statistics from the World Gold Council (WGC).

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