• China gold reserves at the end of April 2026: 74.64 million troy ounces
• In March 2026: 74.38 million troy ounces
• China gold reserves value at the end of April 2026: $344.17 billion
• In March 2026: $342.76 billion

The reserves quantity shows another month of increase, with this being the 18th straight month of buying by Beijing. It’s no surprise that China has been a big buyer of gold but the trend here continues to reaffirm the narrative of central banks wanting to secure more of the precious metal amid the volatile financial and market environment driven by US policies.

Let’s be reminded that it wasn’t just too long ago that the world was captivated by gold almost doubling in price since 2025. And that hot streak culminated in a surging run to start the year to touch $5,600 before a correction hit. Then came the US-Iran war and leveraged trades were dealt a blow but amid the latest news this week, we’re starting to see gold prices move back up again.

The precious metal is up nearly 3% this week to $4,747 now after the Monday low came close to clipping the $4,500 mark.

Circling back to the headline above, it is worth to mention this again:

“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.”