In 2025, nations such as Poland, China, India, Turkey, and Kazakhstan stand out as major gold purchasers, with central banks boosting their holdings to diversify reserves and guard against economic instability.

Other notable accumulators include Azerbaijan, Czechia, Qatar, and Singapore, reflecting a global shift among both developing and advanced economies toward gold as a trusted store of value.

According to the World Gold Council online, global gold demand reached an all-time high in the third quarter of 2025, rising alongside record prices. The surge was driven mainly by increased investment interest, fueled by a mix of safe-haven buying amid geopolitical instability, a weakening U.S. dollar, and investors rushing in to avoid missing further price gains.