Kathmandu. China seems to be playing a different game with gold. In recent times, the prices of gold and silver have seen a global upheaval. Currently, the price of gold is rising internationally. However, even though the price of gold is rising, China is unwavering and continues to buy this precious metal. For the past 22 months, China has been increasing its gold reserves. Let’s understand the reason behind this.
20 tonnes of gold purchased in 22 months
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China continues to buy its gold. China’s People’s Central Bank added more than 20 tons of gold to its gold reserves in August 2026 amid rising gold prices. The number of purchases in the last two months has been the highest recorded since October 2023. Looking at China’s gold reserves, this latest purchase has now reached 2387 tons.
According to a report by China Daily, the latest data shows that Chinese gold reserves saw the biggest increase in almost three years when the Chinese central bank bought gold in August. In August, it increased by 650,000 ounces compared to the end of July. This increase is the largest single-month increase since October 2023. When a single-month increase of 740,000 ounces was recorded.
What exactly does China want?
There is a big game plan behind China’s 22 months of continuous gold purchases, and it is important to understand China’s strategy. It should be noted that China is constantly focusing on gold to strengthen its economy and strengthen its grip on the global economy. China’s continuous gold purchases are not only for investment purposes but also part of its long-term economic strategy. China is reducing its dependence on the US dollar and adding other safe assets, such as gold, to its foreign exchange reserves.
Longest gold purchase since 2015
China’s focus on gold clearly reflects Dragon’s strategy to strengthen its reserve assets. In addition, it can be understood that the People’s Central Bank’s gold purchases over the past 22 months are China’s longest series of gold purchases since 2015. -Agency
