PBOC: China Official Gold Reserves Value Increases at End of August

Published: Sep 07, 2017 16:48 (GMT+8)

Save

China’s gold reserves were unchanged at the end of August compared with the end of July, but their value increased.

SHANGHAI, Sept. 7 (SMM) – China’s gold reserves were unchanged at the end of August compared with the end of July, but their value increased.

Gold ETF Records Biggest Capital Flows in Over One Year

According to the People's Bank of China (PBOC), the country’s gold reserves were 59.24 million ounces as of the end of August, which valued at $77.7 billion, up from $75 billion at the end of July.

Sino-Russian Fund to Mainly Target Copper and Gold Investment

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

china gold reserves pboc

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

17 hours ago

Cora completes Sanankoro plant modelling and tailings-area compensation

[SMM Gold Flash] Cora Gold reported that fieldwork and three-dimensional plant modelling for front-end engineering design at its Sanankoro project in Mali had been completed. It also completed compensation for 174 hectares required for the planned tailings facility and upgraded the exploration camp, while geotechnical work covered the proposed process-plant and power-station sites. Front-End Engineering Design (FEED) remains targeted for completion in the fourth quarter of 2026. These activities improve construction readiness but do not constitute construction approval: full development remains conditional on Mali granting the required mining permit. Cora previously secured a binding US$120 million gold-stream facility, subsequently amended to permit partial replacement by senior debt.

17 hours ago

Gold retreats while platinum and palladium diverge after Fed tightening

[SMM Precious Metals Flash] Spot gold fell 0.4% to US$4,325.03/oz on 22 September as markets priced a prolonged period of high US interest rates; US gold futures declined 0.5% to US$4,362. Platinum rose 0.7% to US$1,810.81/oz, while palladium fell 1.1% to US$1,286.91/oz. A day earlier, gold had lost 0.6%, while platinum and palladium gained 0.3% and 0.4% respectively. The movement indicates that interest-rate expectations, the dollar and oil-driven inflation concerns remained the dominant immediate precious-metals drivers. Platinum’s relative resilience did not establish a change in physical PGM fundamentals, and the opposing palladium movement cautions against treating this as a broad PGM-sector rally.

17 hours ago

21 hours ago

Shandong Gold Prioritizes High-Quality Gold Resources in M&A Strategy, Focusing on Major Metallogenic Belts

Shandong Gold stated at its 2026 semi-annual results briefing held on September 24 that the company has always been committed to seeking high-quality gold resources in China and overseas. In selecting M&A targets, the company prioritizes targets located on major metallogenic belts, with large resource reserves and significant potential for future exploration-driven reserve growth; under equal conditions, producing mines are given priority. For overseas targets, the company also takes into account factors such as the political situation and investment environment of the host country, so as to minimize investment risks as much as possible. The company is currently actively advancing several M&A projects.

21 hours ago