Central banks globally acquired 220 tonnes of gold in the third quarter of 2025, marking a 28% increase from the 166 tonnes purchased in the previous quarter. The National Bank of Kazakhstan led the buying spree, with Brazil and El Salvador also resuming purchases after extended breaks. According to the World Gold Council, the total gold acquisitions for the year have reached 634 tonnes, slightly below the levels of the past three years, yet the buying trend is anticipated to persist into the fourth quarter.