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China’s September Gold Buying Reaches Highest Level Since 2023
China added 23 tonnes of gold to its official reserves in September 2026.
That was its biggest monthly addition since September 2023.
The reported purchase brought its total gold holdings to 2,410 tonnes.
China has continued buying gold for 23 months in a row.
It is currently the fifth-largest official gold holder.
France and Italy have slightly more gold than China.
China could move ahead of them if its purchases continue, but that is not certain.
The figures were attributed to data from the World Gold Council.
China reportedly bought 23 tonnes of gold in September 2026, its largest monthly purchase since September 2023.
The September addition brought China’s reported 2026 purchases to 103 tonnes and its total holdings to a record 2,410 tonnes.
China has reportedly bought gold for 23 consecutive months, with purchases rising from five tonnes in March to 23 tonnes in September.
China ranks fifth among official gold holders, behind the United States, Germany, Italy and France.
China is 27 tonnes behind France and 42 tonnes behind Italy; overtaking either depends on future purchases and changes in other countries’ holdings.
- Who
- China, through its central bank.
- What
- Reportedly bought 23 tonnes of gold in September, bringing its holdings to a record 2,410 tonnes.
- Where
- China’s official gold reserves.
- When
- September 2026; the figures were shared on October 9, 2026.
- Why
- The articles describe continued reserve diversification and gold accumulation, but say the figures do not establish the central bank’s precise motives or timing strategy.
Key facts
- September purchase
- 23 tonnes
- Largest monthly purchase since
- September 2023
- Reported 2026 purchases
- 103 tonnes
- Total reported holdings
- 2,410 tonnes
- China’s ranking
- Fifth-largest official gold holder
- France’s holdings
- Approximately 2,437 tonnes
- Italy’s holdings
- Approximately 2,452 tonnes
- Consecutive monthly purchases
- 23 months
Sources
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