Chinese central bank keeps gold purchases for 23rd month

The Chinese Central Bank continued its gold purchases for the 23rd consecutive month in September 2026, increasing its gold reserves to 77.47 million ounces—up approximately 740,000 ounces during the month—even as gold prices declined over 6% in September. The value of the reserves decreased from $350.08 billion to $323.52 billion due to the fall in gold prices, yet China remains one of the largest official investors in the precious metal, continuing to build long-term reserves despite market volatility. #### Key Points: - China’s continued gold purchases for the 23rd month in a row. - Reserve increase of about 740,000 ounces in September. - Reserve value declined from $350.08 billion to $323.52 billion due to falling gold prices. - Gold is used as a hedge and diversification tool amid global market fluctuations and central bank strategies.

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