China's gold reserves were valued at $350 billion at the end of August, according to the latest data. The figure represents the total market value of the country's gold holdings at that point.
The valuation
Gold reserves are a key part of a nation's financial assets, often held as a store of value. The $350 billion valuation reflects the prevailing market price of gold at the end of August. No further details on the volume of gold or changes from previous months were provided in the data.
The number offers a snapshot of China's gold position as of that date. It does not indicate whether reserves increased or decreased, only their worth at the time.
