As of the end of December 2025, the People's Bank of China's gold reserves stood at 2,306.32 tons, marking the 14th consecutive month of gold accumulation (from November 2024 to December 2025). Throughout 2025, China increased its gold holdings by 26.75 tons.
PriceSeek's analysis of gold, with a long-short rating of 2:
The People's Bank of China has been accumulating gold for 14 consecutive months, adding 26.75 tons in 2025 alone, reflecting robust demand for gold. This directly drives up spot prices, as central bank purchases increase market scarcity. In the context of the gold futures market (such as COMEX gold futures), the central bank's sustained accumulation is viewed as a significant bullish signal, likely boosting futures contract prices and reinforcing the upward trend. Therefore, this is rated as a major positive development.
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