What countries have the most increased their gold reserves in 2024?

Due to the rise of geopolitical tensions and the important purchases of central banks in emerging countries who wish to diversify their reserves, gold prices have significantly progressed in 2024. This has enabled several countries to considerably increase their reservations.

© Pixabay – Poland was the most active by increasing its reserve by 89.54 tonnes of gold. Save save Receive investment alerts a spectacular comeback over a year. Gold recorded last year, an increase of more than 27 %, its best year since 2010, according to Deutsche Bank. Today, gold courses have increased by almost 40 % over a year. Geopolitical tensions have fueled demand for yellow metal, as well as the important purchases of central banks in emerging countries who want to diversify their reserves. But what are the countries that have significantly increased their gold reserves? Polish was the most active by increasing its reserve by 89.54 tonnes of gold, an increase of almost 25 %, reports Bestbrokers relayed by BFM Business. The governor of the Central Bank of Poland, Adam Glapinski, said that the central bank of the country intended to ensure that 20 % of its reserves are made up of gold. “If it (a national bank) has significant reserves and a large part in gold, it means that the country is reliable … and that it is a country in which trade and investment are possible,” he said to TVP World. To read also: how far will the course of gold go in 2025? Some countries have sold more than they bought the podium from the countries that increased their gold reserves the most in 2024, there is India and Turkey. The latter is the second of the biggest gold buyers last year with the acquisition of 74.79 tonnes, an increase of 13.85 % of its assets. As for the Asian country, it bought 72.6 tonnes, increasing its reserves by 9.03 %. China is not to be outdone since it added for 44.17 tonnes in 2024, to its already large reserves even if its purchases significantly decreased after purchasing 224.9 tonnes in 2023 and 62.2 tonnes in 2022.In the classification of the first ten countries buying gold also appear the Czech Republic, Iraq, Hungary, Hungary, Ghana and Ghana and Ghana and Ghana Qatar. Note that Zimbabwe has increased its gold reserves by 1.3 tonnes and now holds two tonnes, 54 % of all of its national central bank. On the contrary, some countries have separated from part of their gold assets such as the Philippines which sold more yellow metal than they bought, for a negative net balance up to 29.4 tonnes. Receive our latest news every day, selecting the main news of the day. (tagstotranslate) Investment

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