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

WealthCoffee · 2026-04-07T12:27:39+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

2026-04-07 12:27:39

Abstract generation in progress

【Caixin Global】 The U.S.-Iran conflict caused gold to swing sharply, falling as a result, as China chose to step up its gold purchases in March.

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

Possibly due to both cost factors and the dual consideration of reserve diversification, China’s amount of gold added in a single month this time hit a new high since March 2025, matching the amount added in February 2025. At that time, the gold price was below $2,900 per troy ounce. After that, the gold price rose steadily, and China’s monthly gold-purchasing amount was reduced to no more than 100,000 troy ounces.

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