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| Chinese central bank Gold Reserves Data |
China’s gold reserves saw a record increase in June, the largest since the fall of 2023, as the Chinese central bank added 480,000 troy ounces to its stockpile.
This came according to an analysis based on data from the Chinese central bank. According to the data, stocks of the ringing yellow rose last month by 480,000 troy ounces to 75.44 million troy ounces.
The last significant increase was recorded in October 2023, when reserves rose by 740,000 troy ounces to reach 71.2 million troy ounces.
The People's Bank of China has continued to steadily increase the share of gold in its reserves throughout this year. Statistics indicate that China's gold reserves rose by 40,000 troy ounces in January 2026 compared to the previous month, by 30,000 ounces in February 2026, by 160,000 ounces in March 2026, by another 260,000 ounces in April 2026, and by a further 320,000 troy ounces in May 2026.
These rapid increases reflect China’s strategy to diversify its foreign asset reserves, reduce reliance on the dollar, and enhance gold’s status as a safe asset in the face of global economic and geopolitical volatility.
