World central banks plan to increase gold reserves 56% in the next three years, World Gold Council reported.
According to Council, 33% of regulators plan to keep gold reserve at the current level, 11% plan to reduce.
WGC reported that the central banks purchased 81,700 tonnes in the third quarter, down 51% from previous year.
The central banks that have been consistently active in the market in recent months are Russia (43.9t), China (15.2t) and Kazakhstan (10t).