Translation. Region: Russian Federal
Source: People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 3 (Xinhua) — The country’s gold production totaled 87.24 tons in the first quarter of 2025, up 1.49 percent from the same period last year, according to the China Society of Gold Miners (CSGM).
In the first three months, China’s gold consumption volume was 290.49 tons, down 5.96 percent from a year earlier.
In particular, consumption of gold jewelry in the Chinese market fell by 26.85 percent year-on-year to 134.53 tons, while consumption of gold bars and coins increased by 29.81 percent year-on-year to 138.02 tons.
China’s gold consumption in industrial production and other sectors fell 3.84 percent year-on-year to 17.94 tons from January to March this year.
Due to high gold prices, consumer demand for gold jewellery remained weak in the first quarter. The complex, unpredictable geopolitical situation and economic uncertainty have increased gold’s role as a hedge and store of value against inflation, leading to increased demand for gold bars and coins as investment assets, the KOZ said in a statement.
In addition, during the reporting period, gold exchange-traded funds (ETFs) in the Chinese market demonstrated strong growth rates, the KOZ added. -0-