In February 2026, central banks around the world again increased their purchases of gold. According to the World Gold Council, a total of 19 tonnes of gold was purchased this month. However, this figure is less than the average of 26 tonnes per month by 2025. A total of 25 tonnes of gold has been purchased so far in the year 2026, which is much less than the same period last year.
Poland and China remained at the forefront
In February, Poland emerged as the biggest buyer, purchasing 20 tonnes of gold alone. With this its total gold reserve has reached 570 tonnes. China also increased its reserves by 2,308 tonnes by continuing purchases for the 16th consecutive month. Uzbekistan also continued purchasing for the fifth month and its reserve increased to 407 tonnes.
Interest from other countries also increased
Countries like Malaysia and Czech Republic are also continuously adding gold. Czechs have made purchases for 36 consecutive months, which shows the growing importance of gold among central banks. Now African countries like Uganda and Kenya are also turning to gold to strengthen their reserves.
Russia changed its stance, started selling
While on one hand many countries are accumulating gold, on the other hand Russia has emerged as a big seller this year. Russia sold 6 tons of gold in February. A deficit of 8 tonnes was also recorded in Türkiye, although the reason for this is being said to be changes in government accounts.
Despite slow pace, trend continues
Although the pace of gold purchases is a little slow in 2026, the confidence of central banks still remains strong. Experts believe that amidst global uncertainty and economic risks, gold still remains a safe investment option.