Singapore central bank the world’s third-largest gold buyer from Jan to Sept 2023

Singapore's central bank bought four tonnes of gold on regulated gold exchanges in the third quarter of 2023, bringing its total purchases so far this year to 75 tonnes. — The Straits Times/ANN

SINGAPORE: The country's central bank was the third-largest buyer of gold in the world for the first nine months of 2023, after its counterparts in China and Poland, according to the World Gold Council (WGC).

The Monetary Authority of Singapore (MAS) bought four tonnes of gold on regulated gold exchanges in the third quarter of 2023, bringing its total purchases so far in 2023 to 75 tonnes, the council said.