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  • Central Bank Gold Statistics: June 2024

    • Central Bank Gold Statistics: June 2024

    2 August, 2024

    Central banks reported 12t of net buying in June via the IMF and other public data sources. Demand moderated during the month: monthly gross purchases of 31t were offset by gross sales of 18t.*

    June highlights

    31t 

    Gross purchases

    18t 

    Gross sales

    -7% 

    m/m net change

    36t 

    12-month av

    June changes by country

    Activity was once again led by emerging market central banks. The Central Bank of Uzbekistan and the Reserve Bank of India both added 9t to their gold reserves during the month. The Monetary Authority of Singapore was the largest seller (-12t) in June.

    Year-to-date changes by country

    Buying strength continues in 2024, although gross purchases and sales are lower compared to the same period last year. Emerging market banks are the main driving force for both purchases and sales.

    <p class="small-text">*Data to June 2024 where available. Totals may not sum due to rounding. Excludes the State Oil Fund of Azerbaijan (SOFAZ), which only reports quarterly data. Note: By country and YTD charts include changes of a tonne or more only. Source: IMF IFS, respective central banks, World Gold Council</p>

    *Data to June 2024 where available. Totals may not sum due to rounding. Excludes the State Oil Fund of Azerbaijan (SOFAZ), which only reports quarterly data. Note: By country and YTD charts include changes of a tonne or more only. Source: IMF IFS, respective central banks, World Gold Council

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