China’s central bank raised gold reserves to record 2,435 tonnes in October
China’s central bank added 26 tonnes of gold in October, the largest monthly increase since August 2023. This follows 23 tonnes in September and marks the 24th consecutive month of net purchases. Year to date: 129 tonnes added, lifting official holdings to a record 2,435 tonnes. China now holds 2 tonnes less than France, the world’s fourth-largest gold holder. In 2025, monthly additions did not exceed 5 tonnes.
Key figures
- October purchase: +26 tonnes
- September purchase: +23 tonnes
- Consecutive months of buying: 24
- Year-to-date additions: +129 tonnes
- Total official holdings: 2,435 tonnes
- Gap to France: 2 tonnes less
Context
- Largest monthly addition since August 2023.
- Current run contrasts with 2025, when no month exceeded +5 tonnes.
- China’s official reserves have reached a record level, signaling ongoing reserve diversification into gold.
Authors credited by the source: thekobeissiletter
Published by Holder based on an external source.
