The People's Bank of China, China's central bank, announced on Friday that the country's gold reserves stood at 53.31 million ounces at the end of June, up 19.42 million ounces or 604 tonnes from the end of April, 2009.
The increased reserves mainly came from purification of low-grade gold in China, production and storage, trading on foreign and domestic markets, according to the PBOC.
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