China increases gold holdings for the 17th consecutive month, adding 160k ounces in March to reach a 13-month high

WealthCoffee · 2026-04-08T12:32:21+00:00

On April 7th, the State Administration of Foreign Exchange data showed that China's gold reserves in March increased to 74.38 million ounces, reaching the highest level of growth since 2025. This marks China's 17 consecutive months of gold accumulation, reflecting considerations of cost and reserve diversification.

WealthCoffee

2026-04-08 12:32:21

Abstract generation in progress

【Caixin】 The conflict between the U.S. and Iran caused gold to swing violently and tumble. In March, China chose to further step up its purchases of gold.

On April 7, the latest official reserve data released by the State Administration of Foreign Exchange showed that in March 2026, China’s gold reserves rose to 74.38 million ounces, up by 0.16 million ounces from the end of February. This is the 17th month in this round that China has increased its gold holdings.

Possibly driven by both cost considerations and the dual goal of diversifying reserves, China’s increased gold holdings in a single month this time hit a new high since March 2025. It was the same as the amount added in February 2025, when the gold price was below $2,900 per ounce. After that, the gold price rose steadily, and China’s single-month gold-buying volume was reduced to no more than 100,000 ounces.

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