- China gold reserves at the end of June 2026: 75.44 million troy ounces
- In May 2026: 74.96 million troy ounces
- China gold reserves value at the end of June 2026: $303.72 billion
- In May 2026: $340.75 billion
Central bank buying in gold has cooled a little since the turn of the year but China is not one that is slowing down it would seem. Once again, they increased their gold reserves and by the official count it is now over 75 million in fine troy ounces.
A standout in the numbers above is how the value of the reserves have dipped significantly compared to May. As a reminder, June was the fourth consecutive month that gold prices have fallen so far this year. The last time we saw such a streak was back in July to October 2022. At that time, gold prices were still only hovering around $1,700 to $1,900. How time flies.
Circling back to China and its gold reserves, it's best to always be reminded of this:
"Going back to China's holdings, do be reminded that the numbers above are what is "officially" being reported. It has been speculated for the longest of time already that Beijing has been buying way more gold than what is being advertised here... independent estimates from the likes of the World Gold Council suggest that China's actual holdings may be double what they are reporting."
