Global Central Banks Splurge $42,423,360,000 on Gold in Just Three Months Amid Heightened ‘Geopolitical Risk and Concerns’

Brief

By Dextape Desk · November 6, 2026

Official buyers, including central banks, added 321 tonnes on a net basis between July and September, a 42 percent jump on a year earlier, the World Gold Council's figures show. The council attributes the purchases mainly to diversification and risk control. Central bank buying so far this year totals 675 tonnes, 6 percent above last year's comparable period. Gold-backed exchange-traded funds drew in 211 tonnes, and their holdings now sit at 4,256 tonnes, a new peak. Total demand dipped 1 percent to 1,369 tonnes, but its value rose 22 percent to $188 billion. Jewelry demand fell 17 percent, which the council's archive shows as the lowest third-quarter result it has tracked. Analyst Louise Street called the quarter a mixed bag, with institutions returning to ETFs while retail buyers held back. Gold traded near $4,130 an ounce at writing.

Why it matters: Institutional gold buying and record ETF holdings show large investors still treating the metal as a reserve asset, a backdrop relevant to crypto readers.

Summary by Dextape, based on reporting by DailyHodl. Machine-written from DailyHodl’s report and checked against it · How Dextape writes