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china|gold-mining|peoples-bank-of-china

China's central bank adds to gold reserves for twenty-third consecutive month

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Photo by Bloomberg

7th October 2026

By: Reuters

  

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BEIJING - China's central bank stepped up its gold purchases in September, extending its buying streak to a twenty-third consecutive month, official data showed on Wednesday.

Gold holdings by the People's Bank of China rose to 77.47-million fine troy ounces at the end of September from 76.73-million ounces a month earlier.

China has continued to accumulate gold despite sharp swings in bullion prices this year.

The value of China's gold reserves fell to $323.52-billion at the end of September from $350.08-billion a month earlier, the data showed.

Gold prices fell over 6% in September.

Spot gold was most recently trading at around $4 147.47/oz on Wednesday at 02:44 GMT.

Edited by Reuters

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