China central bank adds to gold reserves for 23rd month
China's central bank increased gold purchases in September, marking the 23rd consecutive month of accumulation. Holdings rose to 77.47 million fine troy ounces from 76.73 million in August, despite a fall in the value of reserves to $323.52 billion due to a 6% drop in gold prices.
(Adds details throughout) BEIJING, Oct 7 (Reuters) — China's central bank stepped up its gold purchases in September, extending its buying streak to a 23rd consecutive month, official data showed on Wednesday. 73 million ounces a month earlier. China has continued to accumulate gold despite sharp swings in bullion prices this year. 08 billion a month earlier, the data showed.
Gold prices fell over 6% in September. 47 per ounce on Wednesday at 0244 GMT. com)