- China is significantly increasing its Gold reserves, purchasing far more than official reports indicate.
- In 2025, China is estimated to have acquired approximately 240 tonnes of physical gold.
- China’s official gold holdings currently stand at 2,304.5 tonnes, a record level.
- The price of gold has reached near $5,000 per ounce, with analysts expecting further gains.
China is accelerating its acquisition of gold, aiming to strengthen its position in global financial markets and reduce reliance on the U.S. dollar. In 2025, it has quietly been buying gold at volumes far exceeding official figures.
Recent data show China purchased about 15 tonnes of gold in September, roughly 10 times the amount officially reported by the central bank, according to estimates by Goldman Sachs mentioned by The Kobeissi Letter. In April, purchases reached an estimated 27 tonnes, 13 times higher than official numbers. Official records indicate China acquired an additional 0.9 tonnes in October, bringing its declared gold reserves to a record 2,304.5 tonnes.
Year-to-date, formally reported gold purchases total about 24 tonnes. However, assuming official data represent only 10% of actual acquisitions suggests China has obtained approximately 240 tonnes of physical gold in 2025, substantially more than disclosed. This significant accumulation highlights the country’s intent to build large gold reserves.
Meanwhile, the price of gold has climbed toward $5,000 per ounce. Analysts like Rashad Hajiyev have noted the steady upward movement of gold prices and anticipate continued momentum may push gold above the $5,000 mark shortly, as stated on his Twitter.
China’s ongoing gold purchases and the robust price advance reflect a strategic shift in global finance, promoting gold as a key asset amid economic uncertainty.
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