Kazakhstan becomes fourth-largest gold buyer in 2026
This digest was compiled by AI from multiple sources — links to the originals are below.
Kazakhstan's National Bank added 7 tonnes of gold to its reserves in May, bringing total purchases this year to 20 tonnes. This makes Kazakhstan the fourth-largest gold buyer globally in 2026, according to the World Gold Council. Poland leads with 64 tonnes added since January.
Global Gold Buyers Ranking
Kazakhstan ranks fourth among the world's top gold buyers in 2026, with total purchases of 20 tonnes since January. Poland leads with 64 tonnes, followed by Uzbekistan (33 tonnes). The data comes from the World Gold Council's latest review of central bank gold reserves.
Central Bank Reserve Strategy
The National Bank of Kazakhstan added 7 tonnes in May alone, continuing its policy of diversifying reserves. Gold now accounts for a significant share of the country's international reserves, which stood at $38.5 billion as of May 2026. The bank has been a consistent gold buyer since 2019.
What's Next
The National Bank is expected to release its June reserve data in early August. It remains unclear whether Kazakhstan will maintain its buying pace in the second half of the year, given potential price fluctuations and fiscal pressures.
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Kazakhstan becomes fourth-largest gold buyer in 2026
