Uganda’s Central bank to start its gold buying programme this month.

Uganda’s central bank will start its domestic gold purchasing programme this month, it said on Monday, joining other policymakers around the world building up their gold holdings after a surge in the metal’s price.The East African nation announced the plan two years ago, saying it would help to boost reserves and cushion the economy from risks in international financial markets.”If all goes as planned, we should be able to purchase at least 100 kg of gold between March and June 2026,” Adam Mugume, executive director for research and economic analysis at the bank, told Reuters.”We are finalising with gold refineries that have been contracted to carry out fire assaying and refining of gold to purity levels required.”

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