World Gold Council: Polish central bank becomes the world's largest official gold buyer for the second consecutive year.

The World Gold Council mentioned in its "Global Gold Demand Trends Q4 2025 and Full Year Report" that the National Bank of Poland has become the world's largest official gold buyer for the second consecutive year, increasing its gold holdings by 102 tons in 2025, with an additional 35 tons purchased in the fourth quarter. The gold reserves have now reached 550 tons, with gold accounting for 28% of its total foreign exchange reserves, close to the target level of 30% announced in October. However, Adam Glapiski, the Governor of the National Bank of Poland, stated in January 2026 that, for "national security reasons," they plan to further increase their gold reserves to 700 tons, without specifying a timeline.