Global gold reserves hit $ 4.83 t in Nov. amid central banks’ renewed buying spree

GOLD prices began climbing sharply back in 2024 as central banks and investors alike turned to the precious metal as a safe haven amid mounting geopolitical tensions and global economic uncertainty.

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While some countries accelerated their gold purchases to strengthen reserves, others seized the opportunity to cash in on elevated prices by selling significant volumes.

The team at BestBrokers has analysed the World Gold Council's November 2025 release, covering all of the available data for 2025, to identify the world's largest buyers and sellers of gold during this period.

As of 19 November, gold prices climbed to $ 4,135.80 per ounce, reversing nearly a month of lows. At this level, the combined value of global gold reserves stands at approximately $ 4.83 trillion, an increase of 44.66% since December 2024, when gold traded at $2,609.10 per ounce. While Poland and Kazakhstan have been the most active buyers so far in 2025, China's renewed accumulation may shift the global picture, with reported purchases of 1.2 tons in September and 900 kilograms more in October.