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China's gold reserves rise by most since October 2023 as buying pace quickens
By Qiaoyi Li, Liz Lee, and Dylan Duan
Reuters
Friday, August 7, 2026
China's central bank stepped up its gold purchases for a fifth straight month in July, adding the most bullion to its reserves since October 2023, official data showed today.
The People's Bank of China extended its gold-buying run to a 21st consecutive month, with reserves rising to 76.08 million fine troy ounces at the end of July from 75.44 million a month earlier.
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The 640,000-ounce increase, equivalent to nearly 20 metric tons, was the biggest monthly addition since October 2023, when holdings rose by 740,000 ounces.
The PBOC added 480,000 ounces in June, which was the biggest monthly gain since October 2023 at the time.
The pace of purchases has increased each month since March, when the central bank added 160,000 ounces. ...
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