Are reported purchases and total estimated demand identical?

No. WGC’s annual demand also estimates unreported activity.

Can these numbers be called 2026 demand?

No. They refer to 2024 and 2025 in one named edition.

How much gold did central banks buy in 2025 compared with 2024?

TL;DRWGC’s FY2025 edition estimates net demand at 863.3 tonnes in 2025 versus 1,092.4 tonnes in 2024. It says each of the preceding three years exceeded 1,000 tonnes. Poland was the largest reported buyer in 2025, adding about 102 tonnes.

Source as of 2025-12-31 · Source check 2026-10-25 · ภาษาไทย

Dated source reference; not a live quote.

Facts and sources

2024 net demand

1,092.4 tonnes, same FY2025 edition.Source: World Gold Council, GDT FY2025 · As of: 2024-12-31

2025 net demand

863.3 tonnes; aggregate reported changes plus estimated unreported buying.Source: World Gold Council, GDT FY2025 · As of: 2025-12-31

Largest reported buyer in 2025

Poland: approximately 102 tonnes added.Source: World Gold Council, GDT FY2025 · As of: 2025-12-31

FAQ

Are reported purchases and total estimated demand identical?: No. WGC’s annual demand also estimates unreported activity.
Can these numbers be called 2026 demand?: No. They refer to 2024 and 2025 in one named edition.

Facts and sources

FAQ

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