Kazakhstan's Gold Reserves Surge to 316 Tons in 2025
Kazakhstan's gold reserves have surged to 316 tons, a significant increase of 32 tons since the close of 2024. This growth comes on the heels of the country's aggressive gold-buying spree, which has placed it at the forefront of global gold acquisitions.
Since the start of 2025, Kazakhstan has been the second-largest gold buyer worldwide, adding 15.65 tons to its reserves. In August alone, it acquired eight tons, making it the leading purchaser that month. This rapid accumulation is a stark contrast to the Central Bank of Russia, which reduced its reserves by selling three tons in the same period.
The National Bank of Kazakhstan (NBK) played a pivotal role in these purchases, accounting for more than half of the total 15 tons bought globally in August. While the governor responsible for these purchases in August remains unnamed, Timur Suleimenov, the current governor, has been in the spotlight recently, announcing the launch of the national stablecoin in September 2025.
Kazakhstan's gold reserves have grown significantly, boosted by record global gold prices and increased demand for safe-haven assets. With its aggressive gold-buying strategy, Kazakhstan has solidified its position as a major player in the global gold market.
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