Taking Advantage of Gold Price Decline, Poland's Central Bank Accumulates 82 Tons of Gold This Year

Golden Finance reported on July 10 that, according to Poland's central bank governor Adam Glapiński, the central bank has purchased gold worth billions of dollars amid the recent decline in gold prices. Speaking at a press conference in Warsaw on Thursday, Glapiński stated that the bank has purchased 82 tons of gold so far this year. This means that since the last official data release in April, the bank has added another 37 tons of gold, valued at approximately $5 billion at current prices. "We have taken advantage of the recent price drop and have been consistently buying gold," Glapiński said. Poland's gold purchases in 2025 surpassed those of any other central bank, and it is expected to continue setting this record this year. Since April, gold prices have fallen by more than 10%. Glapiński reiterated the central bank's target of 700 tons of gold reserves. He noted that the bank currently holds 632.4 tons of gold, with 105 tons stored in Poland and the remainder held in London and New York.