Kazakhstan ranks seventh in expanding gold reserves, boosting holdings by 151 tons from 2013 to 2023.
Kazakhstan ranks seventh among countries that have been actively increasing their gold reserves. Over the past decade, the nation added 151 tons of gold to its reserves.
Leading the way is Russia, which significantly expanded its reserves by 1,298 tons, followed by China with an increase of 1,181 tons and Türkiye, which added 424 tons.
Poland follows in fourth place with 256 tons, while India and Uzbekistan boosted their reserves by 246 and 154 tons, respectively. After Kazakhstan, Singapore added 103 tons, Iraq 100 tons, and Thailand 92 tons.
In Kazakhstan, gold prices have surged this year, rising by 31%, according to the National Bank. The price per gram reached 39,889 tenge (about US$81.76) as of September 20, up from 30,323 tenge (approximately US$62.16) at the start of the year. Additionally, December futures have shown positive growth, increasing by 0.35% to $2,623 per ounce.
The World Gold Council's 2024 Central Bank Gold Reserves Survey indicates that the ongoing geopolitical tensions and challenging financial climate are driving demand for gold. In 2023, central banks around the world collectively added 1,037 tons of gold, marking the second-highest annual acquisition in history after a record 1,082 tons in 2022.
Central banks continue to favor gold as a reserve asset, with the survey—conducted from February 19 to April 30 among 70 participants—revealing that 29% of central banks plan to increase their gold reserves within the next year. This is the highest intention recorded since the survey's inception in 2018.
The motivations behind these planned purchases include a desire to adjust to a more favorable strategic level of gold holdings, domestic gold production, and concerns over financial markets, such as rising crisis risks and inflation.
China and Kazakhstan on Monday (16 June) signed 24 intergovernmental and interdepartmental agreements aimed at expanding cooperation across a broad range of sectors, setting the stage for closer bilateral ties ahead of the 2nd Central Asia–China Summit in Astana.
In Monday's news hour programme, our Guy Shone talked about Britain's new spy chief of Mi6, the UK’s Secret Intelligence Service, Blaise Metreweli, and about China's President Xi Jinping making a pivotal trip to Kazakhstan to attend the second China-Central Asia Summit in Astana.
Kazakhstan has emerged as Azerbaijan’s top grain supplier, as trade between the two countries surged 20% in early 2025, reaching historic highs.
The second China-Central Asia Summit commenced today (16 June) in Kazakhstan’s capital, marking a pivotal moment in deepening political and economic ties between China and the five Central Asian states: Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.
The Air Astana Group informs passengers of changes to certain scheduled and charter flight routes due to the closure of Iranian and Iraqi airspace, the airline said in a statement.
President Donald Trump met with top security advisers Tuesday as the U.S. boosted its military presence in the Middle East amid escalating strikes between Israel and Iran.
Former Argentine President Cristina Fernandez de Kirchner has been ordered to serve her six-year corruption sentence under house arrest in Buenos Aires, following a judge's ruling on Tuesday.
France will host the 2026 G7 Summit in Evian-les-Bains, the Alpine resort town on Lake Geneva, President Macron announced.
Azerbaijan will host UFC for the first time on June 21 at the Baku Crystal Hall, marking a major milestone for the country's sports scene.
Los Angeles businesses report significant losses as immigration raids prompt many workers and customers to stay home, raising concerns over broader economic effects.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Azerbaijan Airlines (AZAL) has cancelled certain flights scheduled for 13th and 14th June amid recent escalation of situation in the Middle East and the closure of airspace in several countries for security reasons.
The Israeli military has issued an evacuation advisory for Iranian civilians living near weapons production sites and associated infrastructure within Iran. The message was shared on the social media platform X in both Arabic and Farsi by an official military spokesperson.
On the fifth day of the Iran-Israel conflict, the conflict reached a new level of intensity as missile barrages, targeted airstrikes, and evacuation warnings dominated the region. Iran called on civilians in Haifa and Tel Aviv to flee immediately, while both sides exchanged fresh rounds of fire.
Senior officials from the United States and Georgia met in Tbilisi to review bilateral relations and regional security amid ongoing diplomatic discussions.
The International Ski Mountaineering Federation (ISMF) has confirmed that Azerbaijan will host the Ski Mountaineering World Championships in 2027, marking the first time the country will stage the prestigious event.
Chinese President Xi Jinping stated that China-Kyrgyzstan relations have reached their strongest point in history. He made the remarks during a meeting with Kyrgyz President Sadyr Japarov on the sidelines of the 2nd China-Central Asia Summit in Astana, Kazakhstan.
Tajikistan's President Emomali Rahmon met with Chinese counterpart Xi Jinping on the sidelines of the 2nd Central Asia–China Summit in Astana. President Rahmon noted that Tajikistan places great importance on its "comprehensive strategic partnership" with China.
President Donald Trump met with top security advisers Tuesday as the U.S. boosted its military presence in the Middle East amid escalating strikes between Israel and Iran.
Former Argentine President Cristina Fernandez de Kirchner has been ordered to serve her six-year corruption sentence under house arrest in Buenos Aires, following a judge's ruling on Tuesday.
France will host the 2026 G7 Summit in Evian-les-Bains, the Alpine resort town on Lake Geneva, President Macron announced.
Azerbaijan will host UFC for the first time on June 21 at the Baku Crystal Hall, marking a major milestone for the country's sports scene.
Los Angeles businesses report significant losses as immigration raids prompt many workers and customers to stay home, raising concerns over broader economic effects.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment