* Slowest pace of purchase since China started reporting
* Gold reserves at 55.38 million troy ounces at end-October
SINGAPORE/BEIJING Nov 30 China added nearly 14
tonnes of gold to its foreign exchange reserves in October, the
slowest pace of purchase since the central bank started
reporting its reserves of the precious metal on a monthly basis
earlier this year.
Gold reserves stood at 55.38 million troy ounces at the end
of October, up from 54.93 million at the end of September, data
from the People's Bank of China (PBOC) showed on Monday.
The 450,000-ounce addition amounts to 13.99 tonnes, close to
the Reuters estimate of 14 tonnes, calculated earlier this month
from PBOC data and the spot gold price.
The central bank has been adding between 14 tonnes and 19
tonnes of gold every month, a healthy appetite as the country
looks to diversify its foreign exchange reserves.
The PBOC usually announces the dollar value of its gold
reserve early in the month, before revealing the volume later.
In June, China provided details on its gold holdings for the
first time since April 2009.
It has been providing monthly updates since then to increase
transparency as it campaigns to include the yuan in the
International Monetary Fund's special drawing rights basket.
The IMF looks set to approve the inclusion of the yuan in
its reserve currency basket when it meets on Monday in what is
seen as symbolic coming of age for the world's second-biggest
(Reporting by A. Ananthalakshmi in Singapore and Beijing
Monitoring Desk; Editing by Himani Sarkar)