Business
More central banks signal plans to increase gold holdings, WGC survey shows
A record 45% of the reserve managers surveyed by the World Gold Council, up 2 percentage points from a year ago, expect to increase their own institutions’ gold holdings over the next 12 months, the international organization said on Tuesday.
The majority — 54% of 74 central banks that responded to the WGC’s annual survey, conducted between February 5 and May 19 — said their holdings would remain unchanged, while 1% anticipated a decline, Reuters reported.
Most responses were received after the start of the Middle East conflict in late February, which triggered a rally in oil prices and drove gold prices down.
Central banks remain keen on gold, and the recent price fall has not changed their minds, said Shaokai Fan, head of the central banks sector at the WGC.
The U.S. and Iran agreed over the weekend on terms to end their war and reopen the Strait of Hormuz, prompting a 3% rise in gold prices on Monday.
Gold demand from central banks will slow down by 15% year-on-year in 2026 in tonnage terms, according to consultancy Metals Focus, but remain above pre-2022 levels, a consistently supportive factor for the market.
The WGC said 93% of respondents reported already holding gold, up from 81% a year ago.
Among the drivers for gold ownership, a record 90% of respondents cited its performance during times of crisis. The top answers also included long-term store of value and portfolio diversification. Gold’s role as a geopolitical risk hedge was favoured among emerging market and developing economy respondents (85%).
As some central banks continued relocating their gold, 9% of respondents said they had increased domestic storage in the past 12 months, up from 5% last year, and 10% said they had diversified their overseas storage locations, up from 2%.
Within 12 months, 7% plan to increase domestic storage and 9% plan to diversify overseas locations.
The WGC did not ask central banks to specify where their gold came from in cases of repatriation.
However, its research showed that the Bank of England remains the most popular vaulting location, followed by domestic storage and the Bank for International Settlements.
Business
Afghanistan transit trade through Pakistan hits historic low
Afghanistan’s transit trade through Pakistan has dropped to its lowest level in years, according to Pakistan’s Dawn newspaper.
The report says transit cargo declined from nearly 89,000 containers worth $5 billion before the Islamic Emirate returned to power to just 11,592 containers valued at $367 million in the last fiscal year.
According to Dawn, while Pakistan’s closure of Durand Line crossings with Afghanistan in October 2025 over security concerns accelerated the decline, the downward trend had already begun earlier.
Trade analysts told the newspaper that Afghanistan had already been working to reduce its reliance on Pakistani ports by expanding trade through Iran and strengthening commercial links with Central Asian countries.
The report says transit cargo through Pakistan initially rose after the Islamic Emirate’s return to power, peaking at more than 102,000 containers in fiscal year 2023, before steadily declining in subsequent years.
Dawn also reported that reverse transit, which allowed Afghan exports to reach third countries—particularly India—through Pakistan, has nearly come to a halt, falling from $454 million in fiscal year 2025 to just $7 million in fiscal year 2026.
Citing the World Bank, the newspaper said Iran has become Afghanistan’s largest source of imports, with Iranian direct and transit routes now accounting for nearly half of the country’s total imports.
However, the World Bank says the shift to alternative routes has increased import costs, reduced export revenues, and added inflationary pressure, while the decline in cross-Durand Line trade has also affected thousands of jobs linked to transport, customs, warehousing, and other businesses.
Business
Afghanistan, India discuss ways to boost trade and investment ties
Sayed Karim Hashemi, chairman of the Afghanistan Chamber of Commerce and Investment (ACCI), has met with Indian ambassador in Kabul, Yatin Patel, to discuss ways to strengthen bilateral trade and investment cooperation.
According to ACCI, the meeting focused on expanding exports, improving trade facilitation, easing business visa procedures, enhancing logistics, and increasing cooperation in key sectors including agriculture, mining, and handicrafts.
The two sides also agreed to promote joint exhibitions, organize business delegations, and develop long-term partnerships between the private sectors of Afghanistan and India.
The meeting comes as Afghan and Indian officials and business leaders continue efforts to expand economic relations and create new opportunities for trade and investment between the two countries.
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