China’s Central Bank Adds Gold for 13th Straight Month, PBOC Data Shows

China central bank adds gold

Key Points

13th straight month: The People’s Bank of China (Zhōngguó Rénmín Yínháng 中国人民银行) recorded its 13th consecutive month of net gold additions, with a monthly increase of 30,000 troy ounces.
Total gold holdings: China’s gold reserves reached 74.12 million troy ounces (≈ 2,305.39 metric tonnes).
Large FX buffer: Foreign exchange reserves stood at US$3,346.372 billion (≈ ¥24.13 trillion RMB, ≈ US$3.35 trillion) at end‑November 2025.
Signal for markets: Persistent accumulation indicates a deliberate reserve diversification strategy and reinforces gold’s role as a hedge against currency volatility (reported by 财联社 Cailian Press).

Quick headline: The People’s Bank of China (Zhōngguó Rénmín Yínháng 中国人民银行) continues to accumulate gold, reporting its 13th straight month of net additions to its gold reserves.

Key points — China gold reserves | PBOC foreign exchange reserves

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The People’s Bank of China (Zhōngguó Rénmín Yínháng 中国人民银行) reported that China’s foreign exchange reserves stood at US$3,346.372 billion as of the end of November 2025.
China’s gold holdings at the end of November were 74.12 million troy ounces, up 30,000 ounces month‑on‑month — marking the 13th consecutive month of net gold accumulation, according to Cailian Press (Cáilán Shè 财联社).

Details and conversions — gold ounces, metric tonnes, FX reserves

Source data reported the following figures for end‑of‑November 2025:

Foreign exchange reserves: US$3,346.372 billion (approximately ¥24.13 trillion RMB; US$3.35 trillion rounded).
Gold reserves: 74.12 million troy ounces (74,120,000 oz).
Metric tonnes equivalent: That equals roughly 2,305.39 metric tonnes.
Monthly change: The month‑over‑month increase of 30,000 troy ounces is about 0.93 metric tonnes.

Context — why central banks buy gold

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Central-bank reserve diversification is the most common reason cited when institutions add gold to reserves.

Gold acts as a hedge against currency volatility and global market shocks, and many central banks have been increasing allocations to bullion for that reason.

China’s pattern — 13 consecutive months of additions — signals a deliberate, steady approach to reserve management rather than a one‑off purchase.

What this could mean for investors, founders, and market watchers

For investors: Ongoing central bank accumulation can be read as a tailwind for the perception of gold as an institutional hedge.

For founders and fintech teams: Continued central-bank buying points to demand for reliable, inflation‑resistant store‑of‑value assets — a potential signal for products and narratives that emphasize capital preservation.

For macro and currency analysts: Persistent gold addition alongside large FX reserves (US$3,346.372 billion / ¥24.13 trillion RMB) suggests allocation shifts within reserves that are worth tracking month to month.

Fast takeaways — compact & skimmable

13 months — consecutive monthly net additions to China’s gold holdings.
74.12 million oz — total gold holdings as of November 2025 (≈ 2,305.39 tonnes).
US$3.346 trillion — China’s foreign exchange reserves at end‑November 2025 (≈ ¥24.13 trillion RMB).
Signal: A steady, deliberate reserve strategy focused on diversification and volatility hedging.

Technical note — units & original reporting

Original figures were reported in Chinese units.

The PBOC figures were reported as 33463.72 亿美元 (US dollars expressed in 100‑million units) and 7412 万盎司 (troy ounces).

Conversions to metric tonnes and to ¥ RMB above are rounded; see the References below for the official links and full disclosures.

Why this matters for global markets

Central-bank behavior matters. When a major economy like China consistently adds to gold reserves, it influences market sentiment, signals allocation preferences, and becomes part of the narrative around reserve diversification.

Policy interpretation: The PBOC’s monthly accumulation can be interpreted as risk management at scale — protecting value across multiple currencies and macro scenarios.