---
title: "China Buying Twice More Gold Than Officially Reported Amid Surge In Central Bank Purchases"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298988292.md"
description: "Goldman Sachs estimates indicate that central banks purchased 44 tonnes of gold in July, more than double the pre-2022 average. China remains the largest contributor, buying 35 tonnes. This aligns with earlier reports suggesting China has been acquiring significantly more gold through hidden channels than officially disclosed."
datetime: "2026-09-15T03:00:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298988292.md)
  - [en](https://longbridge.com/en/news/298988292.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298988292.md)
generator: "portal-rs"
---

# China Buying Twice More Gold Than Officially Reported Amid Surge In Central Bank Purchases

About a year after the FT confirmed what we had been reporting since 2024, that **China was purchasing far more gold using hidden back channels than it officially admitted,**China is still at it, and according to the latest monthly Goldman estimates (*available to pro subs*), **central banks purchased 44 tonnes in July** (more than double the pre‑2022 average of 17 tonnes), **with the largest contribution once again coming from China, which purchased 35 tonnes in July...**

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**