Poland was the largest buyer of gold in the world – both in 2024 and in the first half of 2025. This is according to the latest report from the World Gold Council. Experts and international media write that it was our country that outpaced giants such as China and India.
Poland has captured the attention of the global financial community, all thanks to the rising price of gold and the growing reserves of this precious metal in the vaults of the National Bank of Poland (NBP).
“In 2018, the NBP began a systematic and unprecedented transformation of its foreign exchange reserves into gold. NBP President Adam Glapiński set himself the goal of increasing the share of reserves from below four percent to over 20 percent,” recalled the German financial portal n-tv.de.
Currently, around 17 percent of the country’s reserves are held in gold. The NBP now possesses over 500 tons of it. This means that the value of Poland’s reserves has increased along with the record price of the precious metal, generating profits already counted in billions of euros.
Poland Among the Leaders
The actions of the Polish central bank have propelled Poland into the top ranks. According to the World Gold Council ranking, we now occupy the 12th position in terms of the recent increase in gold holdings, surpassing economic powers such as China and India.
Italian financial media point out that thanks to the gold boom, Italy earned nearly 17 billion euros in less than a week. Italy holds the third-largest gold reserves in the world, after the United States and Germany. The portal monet.it, recalling Poland’s record purchases, noted that “the greediest gold devourer turned out to be the Polish central bank.”
“More and more investors view gold as a safe haven, while traditional currencies are losing value. This trend also shows a decline in confidence in the dollar and the euro, as markets seek stability in durable assets,” it added.
“The Board accepted my proposal and agreed to raise the limit of gold reserves to 30 percent. We already have holdings exceeding 20 percent – that’s 520 tons of the precious metal,” announced NBP President Adam Glapiński last week.