Why is the 'shining journey' of gold not over yet? In the past few years, central banks around the world have been crazily buying gold. According to the World Gold Council, central banks around the world purchased a record 483 tons of gold in the first half of this year. Among them, the central banks of Türkiye, India and China are the largest buyers. Part of the reason for the surge in demand is that some countries hope to diversify their reserves and reduce their dependence on the US dollar.