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Why China is importing a record amount of gold

China's central bank has bought gold for 23 straight months, driving record imports. The buying spree reflects Beijing's push to diversify away from the dollar and Chinese households' search for safe alternatives. China imported over 1,000 tonnes of gold worth $158.8 billion through August 2026.

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  • ✓ China's central bank has bought gold for 23 straight months.
  • ✓ China imported over 1,000 tonnes of gold worth $158.8 billion through August 2026.
  • ✓ China's central bank purchased 21 tonnes of gold in September, its largest monthly purchase in three years.
🛡️ Source Corroboration: 15 independent reporting domains (95% confidence) ⏱ Read time: ~1 min

What changed

China's central bank purchased 21 tonnes of gold in September, its largest monthly purchase in three years.

Live updates

  1. China imports record amount of gold

    China's central bank has bought gold for 23 straight months, driving record imports. The buying spree reflects Beijing's push to diversify away from the dollar and Chinese households' search for safe alternatives. China imported over 1,000 tonnes of gold worth $158.8 billion through August 2026.

    Why it matters

    China's gold buying is driven by economic uncertainty and a desire to reduce dollar dependence. The country's central bank and households are seeking safe-haven assets, boosting gold demand. This trend is expected to continue, influencing gold prices.

    What is confirmed

    • China's central bank has bought gold for 23 straight months.
    • China imported over 1,000 tonnes of gold worth $158.8 billion through August 2026.
    • China's central bank purchased 21 tonnes of gold in September, its largest monthly purchase in three years.

    What to watch next

    • China's gold buying trend
    • gold price fluctuations
    • Beijing's economic policies
    Sources used for this update (14)
    1. CNBC — Why China is importing a record amount of gold — and what it means for prices
    2. KITCO — China’s central bank buys 21 tonnes of gold in September, largest monthly purchase in 3 years
    3. World Gold Council — Central Bank Gold Statistics: Central banks continue summer spree in August | Post by Marissa Salim | Insights
    4. Ad-hoc-news.de — Gold's 23rd Straight Month of Chinese Buying Is Doing the Heavy Lifting
    5. Pluang — China's central bank buys gold for 23 months am...
    6. South China Morning Post — At a Shenzhen market, ‘golden week’ tourists flock to buy discount gold jewellery
    7. China Daily Global Edition — Farewell golden dragon, hello bullion block
    8. Yahoo Finance — China Gold Demand Is Supporting Gold Stocks Like Alamos Gold and B2Gold
    9. China Daily — Investment demand fuels China's gold buying
    10. www.cnbc.com — Why China is importing a record amount of gold
    11. www.gata.org — Why is China importing a record amount of gold, and what does it mean for prices? | Gold Anti-Trust Actio....
    12. www.wealthiertoday.com — Why China Is Importing Record Amounts of Gold and What It ...
    confidence 95%
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