Central banks step up gold buying amid global uncertainty — Expert decodes the psychology behind it

Central banks across the world have been ramping up their gold purchases, underscoring a renewed preference for the yellow metal as a store of value amid geopolitical and monetary uncertainty. According to the World Gold Council, global central banks collectively bought 220 tons of gold in the third quarter of 2025, marking a 28% jump from the previous quarter. The buying spree comes even as gold prices hover near record highs, signaling that monetary authorities view gold as a strategic asset—not just a speculative one. Advertisement

The National Bank of Kazakhstan emerged as the largest single buyer during the quarter, while Brazil’s central bank made a notable comeback to the market after a four-year hiatus. India’s gold reserves have surpassed the $100 billion mark for the first time