Gold and silver prices: Which countries are highest buyers and sellers? Where does India stand?

New Delhi: Gold and silver prices have recently seen a significant increase. Gold prices rose 265% over the five-year period from 2020 to 2025. During this period, central banks in many countries, including China, Poland, Turkey, and India, purchased gold heavily. However, several countries have also reduced their gold reserves over the past five years. These include the Philippines, Kazakhstan, Sri Lanka, Germany, Mongolia, and Tajikistan.

Which country buys the most gold?

China leads the list of countries purchasing the most gold from 2020 to 2025. China purchased 357.1 tons of gold in the past five years. However, experts say that China has secretly purchased much more. After China, Poland was the second-largest gold buyer, with 314.6 tons purchased in the past five years. This European country was followed by Turkey (251.8 tons) and India (245.3 tons). Brazil sold 105.1 tons of gold during this period, followed by Azerbaijan with 83.6 tons, Japan with 80.8 tons, Thailand with 80.6 tons, Hungary with 78.5 tons, and Singapore with 77.3 tons.

Which country registered highest sales?

The Philippines ranked first among the countries selling the most gold in the last five years, selling 65.2 tons. Kazakhstan sold 52.4 tons. Similarly, Sri Lanka, which is facing an economic crisis, sold 19.1 tons. Between 2020 and 2025, Germany's gold reserves decreased by 16.3 tons, while Mongolia sold 15.9 tons. Tajikistan sold 11.9 tons, the Euro Area sold 10.8 tons, Colombia sold 9.2 tons, and Finland sold 5.4 tons.