Uzbekistan increased its gold reserves by 9 tonnes in August, ranking second in the world

According to the World Gold Council (WGC), last month the world's central banks purchased 19.6 tonnes of gold for their foreign exchange reserves.

It is noted that Turkey was the main buyer. In August, the country bought another 8.9 tonnes of gold, increasing its reserves to 478.2 tonnes.

Uzbekistan ranked second in August with an increase of 9 tonnes. The country's gold reserves now total more than 381 tonnes (59 percent of total reserves).

In addition, after dropping 11 tonnes in July, Kazakhstan increased its gold reserves by 2 tonnes in August. Its total gold reserve now stands at 375 tonnes, down almost 28 tonnes from the beginning of the year.

It is also noted that the WGC statistics are subject to change as not all exact data has been disclosed.