The National Bank of Poland (NBP) increased its gold holdings by more than 18 tonnes in June, bringing total reserves to 632.4 tonnes by month-end, according to data reported by TVN24.
The purchase underscores the continued appetite among central banks for hard assets as a hedge against currency volatility and geopolitical risk.
Poland’s move aligns with a broader shift in reserve management strategies across emerging markets, where officials are prioritizing diversification away from traditional fiat currencies.
This accumulation follows a similar pattern observed in other major economies.
The People's Bank of China recently extended its streak of consecutive monthly gold purchases to 20 months, adding nearly 15 tonnes in June alone.
Meanwhile, industry analysis suggests that more central banks are choosing to store bullion domestically to mitigate counterparty risks.