China's Gold Reserves Unchanged for Fifth Straight Month in September

October 07, 2024, 10.31 AM
Source: ReutersEditor: Yudho Winarto

CHINA - SHANGHAI. China's central bank held back on buying gold for its reserves for a fifth straight month in September, official data showed on Monday, mainly due to a surge in prices for the yellow metal.

China's gold holdings stood at 72.8 million troy ounces at the end of last month. The value of the gold reserves, however, rose to $191.47 billion from $182.98 billion at the end of August.

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