‘Unprecedented’: China’s gold reserves hit record 2,308 tonnes worth $369.6b

2026-02-25 - 06:53

BEIJING – China’s gold reserves climbed sharply in January 2026, reaching an all-time high of $369.6 billion after a 15.7 percent month-on-month increase. The latest figures mark the eighth consecutive monthly rise in the country’s gold reserves. Since October 2022, the total value of China’s gold holdings has surged by $266.9 billion, representing an increase of approximately 260 percent. In volume terms, the country’s total gold holdings rose to a record 2,308 tonnes last month, reflecting continued accumulation. The People’s Bank of China has now expanded its gold reserves for 15 straight months, underscoring a sustained buying trend. “China’s gold rush is unprecedented,” The Kobeissi Letter, an industry leading commentary on the global capital markets, remarked. The consistent buildup highlights what analysts describe as an unprecedented phase of gold accumulation, as China continues to strengthen its reserve assets. Pakistan Gold Reserves Pakistan’s gold holdings recorded a substantial increase during the first seven months (July-January) of the ongoing fiscal year of 2025-26, according to data released by the State Bank of Pakistan. The value of the country’s gold reserves has climbed to $10.374 billion, compared to $6.84 billion reported in June 2025, reflecting a notable rise over the period. In January 2026 alone, reserves expanded by $1.279 billion. Since the start of the fiscal year, gold assets have grown by a combined $3.5 billion. Pakistan’s current gold stock stands at 64.76 tonnes, which is equal to approximately 2.082 million ounces or 5.552 million tolas, based on official figures. Gold prices in Pakistan today – 25 February 2026