Poland's Central Bank Buys 82 Tons of Gold This Year, Targeting 700-Ton Reserve Goal
Alina Collins
Poland's central bank has purchased 82 tonnes of gold this year — roughly $5 billion — accelerating buys on a price dip, with just 68 tonnes left to its 700-tonne reserve target.
How big is 82 tonnes?
Governor Adam Glapiński confirmed Thursday that the NBP has bought 82 tonnes of gold year-to-date, including roughly 37 tonnes added since the latest April disclosure.
This means → a single central bank's annual purchases already exceed the entire gold reserves of most countries.
Glapiński said the bank has been "continuously buying, taking advantage of the recent price pullback." Gold is down more than 10% since April; Poland bought the dip.
Why stockpile this much gold?
Glapiński's own words: "This is not some kind of race, nor buying for the sake of buying." He framed the programme as a national security mission, explicitly referencing "wartime" scenarios.
In plain terms = Poland sits on NATO's eastern flank, bordering Ukraine and Belarus. Gold is its ultimate insurance policy.
He stressed that gold's role in global central-bank reserves is rising steadily — a critical asset for financial security and stability.
How far to the 700-tonne target?
The NBP currently holds 632.4 tonnes, leaving a gap of roughly 68 tonnes to the 700-tonne goal.
This means → at this year's buying pace, Poland could hit the target within the year.
Of the total, 105 tonnes are stored domestically; the rest is held in custody in London and New York.
What does this signal for markets?
Poland was the world's top central-bank gold buyer in 2025 and is on track to repeat that ranking this year.
This reflects a broader shift: central banks — especially those on geopolitical front lines — are systematically building gold reserves and reducing dependence on any single reserve currency.
With only 68 tonnes to go, whether Poland sustains this buying pace is a key marginal variable for gold prices.
Content is for reference only, not financial advice.