China's gold reserves stood at 74.96 million troy ounces (approximately 2,331.52 metric tons) at the end of May, an increase of 3.2 million troy ounces (approximately 9.95 metric tons) from April's level of 74.64 million troy ounces (approximately 2,321.56 metric tons), marking the 19th consecutive month of gold accumulation.
According to the latest official reserve assets data released by the People's Bank of China, the country's gold reserves continue to rise. Since the beginning of this year, the physical volume of gold purchased by the central bank has shown a month-over-month acceleration.
Data show that China's gold reserves stood at 74.96 million troy ounces (approximately 2,331.52 metric tons) at the end of May, an increase of 3.2 million troy ounces (approximately 9.95 metric tons) from April's level of 74.64 million troy ounces (approximately 2,321.56 metric tons), marking the 19th consecutive month of gold accumulation.
Data indicate that China’s gold reserves totaled 74.19 million troy ounces at the end of January. Over the following four months, the monthly purchase volume continued to expand:
At the end of February, gold reserves stood at 74.22 million troy ounces, an increase of 0.3 million troy ounces from the previous month;
At the end of March, gold reserves stood at 74.38 million troy ounces, an increase of 1.6 million troy ounces from the previous month;
At the end of April, gold reserves stood at 74.64 million troy ounces, an increase of 2.6 million troy ounces from the previous month;
At the end of May, gold reserves stood at 74.96 million troy ounces, with the month-on-month increase further expanding to 3.2 million troy ounces.
Since February this year, the People's Bank of China’s monthly gold purchases have risen steadily from 0.3 million troy ounces to 3.2 million troy ounces, reflecting a continuously accelerating pace of accumulation.
Additionally, in terms of asset valuation, tabulated data show that as of the end of May 2026, the People's Bank of China’s total official reserve assets amounted to USD 3,850.586 billion. Of this, foreign exchange reserves stood at USD 3,442.238 billion, while the U.S. dollar valuation of gold reserves was reported at USD 340.752 billion.
Editor/Rocky