Tashkent, Uzbekistan (UzDaily.com) —  In October, global central banks increased their gold reserves by 60.2 tons, marking a record high for a single month in 2024, according to data from the World Gold Council (WGC).

The largest buyers were India (26.9 tons), Turkey (16.6 tons), and Poland (7.5 tons), which together accounted for over half of all gold purchases this year, WGC analysts report.

Central banks of developing countries have shown the most significant activity in the market.

Other net buyers in October included Kazakhstan (4.2 tons), Czech Republic (2.3 tons), Kyrgyzstan (1.6 tons), Ghana (1 ton), Mongolia (0.5 tons), and Singapore (0.3 tons).