Poland’s big jump in gold market, bought 20 tonnes of gold in February, will now compete with RBI’s gold reserves?

News India Live, Digital Desk: Amid uncertainty in the global economy, there is a race to deposit gold in central banks around the world. In this race, the European country Poland has surprised everyone and made a record purchase in a month. The Central Bank of Poland has added 20 tons of gold to its treasury in February 2026. After this aggressive purchase, Poland has now come very close to the gold reserves of the Reserve Bank of India (RBI), due to which the movement in the global gold market has intensified. Poland’s Gold Mission: Why is so much buying happening? According to the latest report of the World Gold Council (WGC), Poland has now emerged as one of the largest gold buyers in the world. After this purchase made in February, Poland’s total gold reserves have increased to 570 tonnes. Poland’s Central Bank Governor Adam Glapinski aims to take it to 700 tonnes soon. Experts believe that in view of the Russia-Ukraine war and geopolitical tension, Poland is accumulating gold to protect its currency (Złoty) and reduce dependence on the dollar. RBI vs Poland: War of Gold Reserves India has always been among the countries with top gold reserves in the world. At present RBI’s gold reserves are more than 800 tonnes. However, the speed at which Poland has been buying gold in the last two years, it may soon give a tough challenge to India in the list of top 10 countries. While central banks globally bought a total of 19 tonnes of gold (net) in February 2026, Poland alone bought 20 tonnes (as some countries also sold gold). This shows that Poland wants to strengthen its economy on the ‘gold standard’. What will be the impact on gold prices? This continuous demand for gold by central banks has prevented gold prices from going to lower levels in the international market. Experts say when big players like Poland and China buy aggressively, investor confidence increases. This step of Poland indicates that in the coming times, gold is going to become more important not only as a jewelery but also as a ‘security blanket’ for the countries. Poland has also indicated that it can use its gold reserves to strengthen the country’s security and defense budget.