Chinese gold imports hit highest level in nearly a decade
China imported more than 1,100 tonnes of gold in the first eight months of 2026, the highest level since at least 2017. Strong investment demand and a robust yuan drove the surge.
Gold Market
China imported more than 1,100 tonnes of gold in the first eight months of 2026, the highest level since at least 2017. Strong investment demand and a robust yuan drove the surge.
China’s central bank bought 650,000 troy ounces of gold in August, its largest monthly addition since late 2023, extending a buying run into its 22nd consecutive month.
Spot gold rose above $4,320 per troy ounce as China's central bank extended its official reserve accumulation to 21 consecutive months alongside rising investment demand.