Central banks are buying record amounts of gold as gold prices plummet.
Reported by Vietnam.vn: “Central banks are buying record amounts of gold as gold prices plummet.”. Gold settled at $4,034 an ounce on August 3, 2026 — $129.69 per gram, -0.38% on the day.
Official-sector buying or selling changes physical demand and long-term market expectations. Persistent purchases can support the market, but do not guarantee an immediate price increase. Checked against our data: the trailing twelve-month high is $5,318 (January 29, 2026), so that day's settlement was not a record. The headline may refer to another market — spot, a local currency — or to an intraday print.
- official reserves
- physical demand
- currency confidence
- long-term expectations
- next reserve disclosure
- net purchase volume
- geographic breadth
This World Gold brief is based on the headline and available metadata. We do not reproduce the publisher's article or add unverified details. The price on the date of the report is our own data: the daily COMEX futures settlement, converted to grams at 31.1035 g per troy ounce.