It follows from them that the Central Bank of Turkey reduced its gold reserves in the third month of this year by 2.6 tons, and the gold reserves of commercial banks, which they keep with the Central Bank as collateral, on the contrary, increased by 12.9 tons.
As previously reported, the Central Bank of Hungary bought 63 tons of the yellow precious metal in March 2021. Another major acquisition was made by the Central Bank of Japan: the purchase volume amounted to an incredible 80.8 tons of gold. India bought 7.5 tons of precious metal in March, and Uzbekistan increased its reserves by 8.1 tons. Kazakhstan's gold reserves increased by 3.5 tons over the reporting period.
But not all countries bought gold in March this year. Several states have reduced their gold reserves for one reason or another. For example, the Philippines sold 15.6 tons of the yellow precious metal. Some states are late in submitting their data on changes in gold reserves. But there are three countries that are keeping the details of their gold reserves under wraps, namely Israel, Iran and North Korea.