PANews reported on April 7 that the People's Bank of China's gold reserves increased to 74.38 million ounces (approximately 2,313.48 tons) at the end of March, an increase of 160,000 ounces (approximately 4.98 tons) month-on-month. This is the 17th consecutive month that the People's Bank of China has increased its gold reserves, compared to 74.22 million ounces (approximately 2,308.5 tons) at the end of February.