China’s central bank continued to expand its gold purchases for the 15th consecutive month, reflecting strong public demand, at a time when a record wave of bullion was exposed to intense selling in the market late last month.
The People’s Bank of China’s bullion holdings have increased by approximately 40,000 troy ounces over the past month, as part of its latest round of precious metal purchases launched in November 2024, according to data released today (Saturday).
During January, a wave of speculative interest drove gold and silver prices to consecutive record levels, before the market crashed by the end of the month. Prices have since recovered some of their losses, but expectations still dominate the market as investors reassess their positions following the wave of declines.
Global central bank purchases, a fundamental pillar of the gold market, increased in the final quarter of 2025, taking total annual purchases to more than 860 tonnes, according to World Gold Council data.
Although this level is lower than the 1,000 tonnes purchased annually over the past three years, demand is likely to remain high, confirming gold’s status within official reserves, the council said.
The People’s Bank of China continued to expand its gold purchases for 15 consecutive months, reflecting strong public demand, amid intense market selling at the end of last month due to record-high bullion prices.
As part of the People’s Bank of China’s latest round of precious metal purchases launched in November 2024, the bank’s bullion holdings increased by about 40,000 troy ounces last month, according to data released today (Saturday).
A wave of speculative interest saw gold and silver prices hit consecutive highs in January, but the market crashed by the end of the month. Prices have since recouped some of the losses, but caution still dominates the market as investors reassess their positions in the wake of the recession.
Purchases by global central banks, a key pillar of the gold market, increased in the final quarter of 2025, bringing total annual purchases to more than 860 tonnes, according to data from the World Gold Council.
The council said this level is below the 1,000 tonne annual acquisition threshold for the past three years, but demand is expected to remain high, supporting gold’s status within official reserves.
