finance
China Bought 48 Tonnes of Gold via London Market in May While Adding 15 Tonnes Officially in June
China bought an estimated 48 tonnes of gold in May 2026 through the London OTC market, the largest monthly purchase in over a year. The central bank reported 10 tonnes officially and added 15 tonnes in June for its 20th straight month of increases.
Jul 18, 3:27 PM·1m read1 source
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An estimated 48 tonnes of gold were acquired by China in May 2026 via the London over-the-counter market, @KobeissiLetter reported, citing Goldman Sachs estimates. The figure is 4.8 times the 10 tonnes officially reported by China's central bank for the same month.
The central bank added 15 tonnes in June, its largest official monthly purchase in at least 2.5 years. June marked the 20th consecutive month of official gold reserve increases. Year-to-date through June, China has officially raised its gold reserves by 40 tonnes.
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