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.
Kazakh President Kassym-Jomart Tokayev and Hungarian Prime Minister Viktor Orbán reaffirmed strong bilateral ties and strategic cooperation ahead of the upcoming Turkic States Summit.
Russia is ready to increase oil supplies to China via Kazakhstan by 2.5 million tons, Russian Deputy Prime Minister Alexander Novak told reporters.
Kazakhstan is taking concrete steps toward the development of its first nuclear power plant, with the country now in the pre-project phase, according to Rinat Okasov, Deputy Director General of Kazakhstan Nuclear Power Plants LLP (KAEŞ).
The Tazhen border checkpoint on the Kazakhstan–Uzbekistan border will remain closed for an additional four months, until September 1, 2025, according to Kazakhstan’s State Revenue Committee (KDG) of the Ministry of Finance.
Kazakhstan’s state-owned uranium giant Kazatomprom is negotiating a ten-year uranium supply contract with Romania, in a move to strengthen bilateral energy ties and deepen cooperation in nuclear and high-tech sectors.
Severe drought in Syria this year is threatening about 75% of local wheat crops, the UN’s Food and Agriculture Organization (FAO) warns, risking food shortages for millions.
A major naval operation ended Monday in the Baltic Sea, involving 12 warships and 19 teams of divers and underwater drone operators from 13 NATO countries.
People in Damascus expressed relief and cautious optimism on Tuesday night after the European Union announced it would lift economic sanctions on Syria, following a similar decision by the United States last week.
Foreign ministers from member and observer states of the Organization of Turkic States (OTS) came together in Budapest for a pre-summit meeting held ahead of the organization’s informal summit.
The US State Department has given the green light for a potential $100 million sale of AW-119Kx helicopters and related equipment to Bosnia and Herzegovina, according to a statement from the Pentagon on Tuesday.
Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
Qatar signed a landmark agreement with U.S. aerospace giant Boeing on Wednesday to acquire 160 aircraft for Qatar Airways, a deal valued at $200 billion. The signing took place in Doha during the visit of U.S. President Donald Trump.
Tensions flare in the India-France Rafale deal as France refuses to share the fighter jet’s source code, limiting India’s ability to integrate indigenous weapons and reducing its combat autonomy.
Ukrainian and Russian delegations meet behind closed doors at Istanbul’s Dolmabahçe Palace at 10:00 local time today to explore security guarantees, territorial integrity and a possible ceasefire.
EU approves 17th Russia sanctions, blacklisting almost 200 shadow‑fleet ships, 30 evasion firms and 75 defence figures, banning missile chemicals and arming Brussels to strike Kremlin hybrid and operations.
Kazakh President Kassym-Jomart Tokayev and Hungarian Prime Minister Viktor Orbán reaffirmed strong bilateral ties and strategic cooperation ahead of the upcoming Turkic States Summit.
Azerbaijan’s AERA and Moldova’s ANRE signed a memorandum to strengthen cooperation in energy regulation and regional resilience.
During President of Uzbekistan Shavkat Mirziyoyev’s visit to Budapest, Uzbekistan and Hungary agreed on over €1.5 billion in new joint projects and outlined further cooperation in trade, finance, and culture.
Turkmen Foreign Minister Rashid Meredov met Iranian President Masoud Pezeshkian in Tehran to discuss strengthening bilateral relations and advancing cooperation in trade, transport, energy, and regional initiatives.
Severe drought in Syria this year is threatening about 75% of local wheat crops, the UN’s Food and Agriculture Organization (FAO) warns, risking food shortages for millions.
A major naval operation ended Monday in the Baltic Sea, involving 12 warships and 19 teams of divers and underwater drone operators from 13 NATO countries.
People in Damascus expressed relief and cautious optimism on Tuesday night after the European Union announced it would lift economic sanctions on Syria, following a similar decision by the United States last week.
Foreign ministers from member and observer states of the Organization of Turkic States (OTS) came together in Budapest for a pre-summit meeting held ahead of the organization’s informal summit.
The US State Department has given the green light for a potential $100 million sale of AW-119Kx helicopters and related equipment to Bosnia and Herzegovina, according to a statement from the Pentagon on Tuesday.
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