China’s gold output increases, investment demand surges in 2025
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
China’s gold production edged up in 2025 while overall consumption declined, amid a shift from jewelry toward investment products, data from the China Gold Association showed on Thursday.
The country produced 381.339 tonnes of gold last year, up 1.09 percent year on year, while output from imported raw materials rose 8.81 percent to 170.681 tonnes, the data revealed.
The association said that several exploration, development, and technology projects had achieved phased breakthroughs in 2025.
On the consumption side, gold consumption totaled 950.096 tonnes last year, down 3.57 percent from a year earlier, as jewelry demand fell sharply while purchases of gold bars and coins jumped, marking the first instance of annual investment gold levels overtaking jewelry consumption in China.
Trading activity related to gold surged across domestic markets, with total gold turnover rising strongly on both the Shanghai Gold Exchange and the Shanghai Futures Exchange, reflecting heightened participation within a context of elevated prices.
Higher prices also drove robust inflows into gold exchange-traded funds (ETFs), which added 133.118 tonnes during the year, surging 149.91 percent from the volume recorded in 2024 and lifting total ETF holdings to 247.852 tonnes by the end of December, according to the data.
Reference Link:- https://english.news.cn/20260205/8594c3755ed640b0a7518713af08105d/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
