The countries that bought the most gold in 2025 have been revealed! Where does Turkey rank?

In the first quarter of 2025, global gold demand reached its highest level since 2016, driven by factors such as US customs tariffs, increasing geopolitical uncertainty, stock market volatility, and a weakening dollar. So, which countries bought the most gold during this period? How much gold did Turkey purchase?

10- THAILAND

2025 Q1: 7.4 tons

Thailand increased its gold purchases in the last quarter of 2024, and in the first quarter of 2025, a 25 percent increase was observed compared to the same period of the previous year.

9- RUSSIA

2025 Q1: 7.6 tons

In Russia, which has been subject to embargoes by many countries following the invasion of Ukraine, gold demand increased by 3 percent compared to the first quarter of the previous year. However, there was a 10 percent decrease compared to the previous quarter.

8- INDONESIA

2025 Q1: 8.9 tons

Indonesia became the country with the highest gold purchases in Asia after China. Its gold purchases have increased by 35 percent over the last year.

7- GERMANY

2025 Q1: 10.5 tons

Germany was the country that made the most gold purchases among European Union countries in 2025. Gold purchases in the country increased by 59 percent compared to the previous year.

6- VIETNAM

2025 Q1: 12 tons

Vietnam, one of the countries subject to US tariffs, increased its gold purchases by 46 percent compared to the last quarter of 2024.

5- IRAN

2025 Q1: 12.7 tons

Iran's gold purchases increased by 10 percent compared to the same period of the previous year, while a 22 percent rise was recorded on a quarterly basis.

4- USA

2025 Q1: 15.7 tons

US gold purchases showed a 22 percent decrease despite the global increase during Donald Trump's presidency.

3- TURKEY

2025 Q1: 20.2 tons

Turkey purchased 20.2 tons of gold in the first quarter of 2025. However, its gold purchases decreased by 55 percent compared to the same period of the previous year and experienced a 14 percent drop compared to the last quarter of 2024.

2- INDIA

2025 Q1: 46.7 tons

The Indian government's gold purchases showed a 7 percent increase compared to the previous year. However, there was a 39 percent decrease on a quarterly basis.

1- CHINA

2025 Q1: 124.2 tons

China's gold purchases increased by 12 percent compared to the same period of the previous year, while recording a 48 percent rise compared to the last quarter of 2024.