World central banks buy gold

29.07.2021

Central banks of different countries from around the world in the second quarter of 2021 actively bought gold, replenishing their gold and foreign exchange reserves, according to the report of the World Gold Council (WGC), published on its website.

According to the organization, the main buyers of gold in April-June were the central banks of developing countries, including Thailand (bought 90.2 tons), Hungary (62 tons), Brazil (53.7 tons), India (29 tons) and Uzbekistan (25.5 tons).

According to economists, the main motives of regulators were the desire to insure against growing inflation (especially in the context of low interest rates on public debt in most countries), as well as to diversify their own international reserves.