China Gold Buying Streak Hits 11 Months with September Purchase

As per the news reports, the People’s Bank of China (PBoC) continued its steady accumulation of gold in September 2025, extending its buying streak to 11 consecutive months. 

The move highlights China’s ongoing strategy of diversifying its reserves amid global financial uncertainty and shifting currency dynamics.

China’s Gold and Forex Reserve Data

At the end of September, China’s gold reserves stood at 74.06 million fine troy ounces, up slightly from 74.02 million ounces in August. The value of these reserves climbed to $283.29 billion, compared to $253.84 billion a month earlier. 

In parallel, China’s foreign exchange reserves rose to $3.339 trillion, from $3.322 trillion at the end of August, reflecting continued strength in the country’s external balance sheet.

Market Movement

Central banks, led by emerging economies such as China, India, and Turkey, remain among the largest institutional buyers of gold. In 2022, central banks collectively added 1,136 tonnes of gold, valued at roughly $70 billion, marking the highest annual purchase since records began.

Historically, gold has moved inversely with the US Dollar and US Treasury yields, often gaining when the dollar weakens or risk assets falter. The current accumulation trend aligns with the global pattern of central banks strengthening their reserve composition in response to fluctuating interest rates and geopolitical risks.

Read More: Gold Price Surges to Record High: What’s Driving It and Is It the Right Time to Invest?

Conclusion

With September marking the 11th consecutive month of gold purchases, the PBoC continues to position itself as a key player in the global bullion market. The steady increase in both gold and foreign exchange reserves highlights China’s commitment to long-term financial security and diversification. As global markets face ongoing uncertainty, this strategy reinforces the country’s readiness to navigate an evolving economic landscape anchored in stability and value preservation.

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