China's central bank bought 23 tonnes of gold in September, its largest monthly purchase in almost three years, lifting third-quarter buying to 63 tonnes, the strongest quarter since 2023, according to the World Gold Council. Its official gold holdings reached 2,410 tonnes, or 8.5% of total reserves, marking the 23rd consecutive month of reported purchases. Chinese gold ETFs added 11 tonnes in September, their third straight monthly increase, and gained 27 tonnes in the quarter as weak domestic equities and falling bond yields encouraged diversification. Wholesale demand remained weak, with exchange withdrawals of 234 tonnes in the quarter down 21% from a year earlier and well below the 10-year quarterly average of 418 tonnes, which the council blamed on persistently weak jewellery consumption. The council expects bullion investment to stay supported, though affordability and low consumer confidence may keep jewellery volumes constrained in the fourth quarter.
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Related tickers and likely impact
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/15/2026 | 4,158.19 |
| Change that session | +0.85% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/15/2026 | 4,153.45 |
| Change that session | +1.01% |
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/15/2026 | 4,170.88 |
| Change that session | +1.59% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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