Gold’s Share of Global Reserves Nears 20% as China Adds 23 Tonnes

• Gold reserves have reportedly risen from 5.77% of global reserves in 2007 to around 20% in recent data
• China added 23 tonnes of gold in September 2026, extending its central bank gold-buying streak to 23 consecutive months
• Strong central bank gold buying supports gold demand, while interest rates and currency movements continue to influence the gold price

Gold reserves are becoming a central point of attention for global banks and entities. Global central banks around the world are increasingly building exposure towards gold. These banks are continuing to diversify their gold holdings, with gold demand and prices rising on the radar. The recent data shared by The Market Ear shows how the gold share of global reserves has risen from 5.77% in 2007 to around 20% in the latest data. At the same time, China remains an active central bank gold buyer, with the nation adding 23 tonnes in September 2026.

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China Continues to Aggressively Add Gold

China’s central bank has ended up adding nearly 740,000 troy ounces of gold in September 2026. This number is equivalent to adding 23 tonnes of gold in September, extending the country’s gold-buying streak to 23 consecutive months.

This number has now brought China’s gold holdings to a total of 2,410 tonnes. China’s central bank’s gold purchases are signalling that the country is busy adding gold to its portfolio, rather than relying on foreign currency assets. Per the latest post by the Global Markets Investor, China’s central bank is now among the largest gold buyers year-to-date, with Poland emerging as the leading buyer.

“The People’s Bank of China added 740,000 ounces of gold to its reserves in September, extending its buying streak to 23 consecutive months. This is equivalent to 23 tonnes, marking the largest monthly purchase in 3 YEARS. China’s central bank is now the world’s second-largest gold buyer year-to-date, only behind Poland, with purchases totaling over 103 tonnes. This raised China’s gold holdings to a record 2,410 tonnes, equivalent to 9% of its total FX reserves. Meanwhile, according to this year’s World Gold Council survey, 45% of the 74 central banks surveyed plan to increase gold purchases over the coming year, while just 1 intends to reduce its holdings.”

At the same time, a new survey by the World Gold Council outlined how 45% of the 74 central banks surveyed expect to increase their own gold holdings over the next year. Source: World Gold Council.

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Gold Share Of Global Reserves Has Steadily Climbed Since 2007

Per the latest data shared by The Market Ear, the gold share of global foreign reserves has increased from 5.77% to around 20% in the latest data.

In addition to this, market commentator Rashad Hajiyev has discussed the possibility of gold reaching $5,000 per ounce. This remains a price prediction rather than a confirmed market outlook.

As central banks continue to add gold to their reserves, investors are also watching how gold-related stocks perform. MarketCapOf’s ROI calculator tool shows that Newmont Corporation (NEM) rose 1.16x, while Barrick Gold Corporation (ABX) declined 0.98x between January 1 and October 12, 2026. The comparison offers another perspective on the gold market as central bank buying continues.

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