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#China’sGoldReservesHit15-MonthHigh
China’s gold reserves have climbed to a 15-month high, marking the 15th consecutive month of official purchases by the central bank.
Latest data shows:
• Total gold holdings: 74.19 million troy ounces
• Previous month: 74.15 million troy ounces
• Total valuation of reserves: Approximately $369.6 billion
This steady accumulation reflects China’s broader strategy to strengthen financial stability, diversify foreign exchange reserves, and reduce exposure to dollar-denominated assets.
Meanwhile, gold prices remain historically elevated:
• International spot gold: Around $5,185 per ounce
• Pakistan (24K per tola): Around Rs 541,262
• 10-gram gold price (Pakistan): Around Rs 464,044
Rising geopolitical tensions, strong central bank demand, and global economic uncertainty continue to support gold’s bullish momentum. China’s consistent buying trend signals long-term confidence in gold as a strategic reserve asset.