30/09/2026
๐ฆ Central bank gold scorecard 2026
1/ ๐ช Central banks bought a RECORD 289t of gold in Q2 2026, even as gold fell ~16%, its worst Q2 in 13 years. Here's what the top 8 holders did ๐งต๐
2/ ๐บ๐ธ USA 8,133t | ๐ฉ๐ช Germany 3,350t | ๐ฎ๐น Italy 2,452t | ๐ซ๐ท France 2,437t | ๐จ๐ญ Switzerland 1,040t
โก๏ธ Zero change all year. The West is holding, not adding. ๐
3/ ๐จ๐ณ China is the standout ๐
Q1: +7t | Q2: +33t | JulโAug: +40t
Now 2,387t, with 22 consecutive months of buying. August's 20t was its biggest month since Oct 2023. ๐
4/ ๐ท๐บ Russia is the only top-8 seller ๐
Q1: โ22t | Q2: โ22t
H1 total: โ44t, sold to keep its National Wealth Fund liquid. ๐ธ
5/ ๐ฎ๐ณ India is holding at 880.5t, with no net buying in 2026 โธ๏ธ
But the RBI brought 104t home from London, and 77% of India's gold is now stored domestically ๐
6/ ๐ก Takeaway: the East is accumulating ๐ข, Russia is liquidating ๐ด, the West is sitting still โช. Q3 data from the WGC is due late October; watch whether the RBI resumes buying ๐
Source: World Gold Council / IMF IFS