China’s Gold Output Up 1.39% in 1st Nine Months of 2025

China produced 271.78 tonnes of gold in the first nine months of 2025, an increase of 1.39% from the same period last year, data from the China Gold Association has shown.

From January to September, gold consumption in the Chinese market fell 7.95% year on year to 682.73 tonnes, according to the association.

During this period, consumption of gold jewelry stood at 270.04 tonnes, down 32.5% year on year, while that of gold bars and coins rose by 24.55% to 352.12 tonnes. Gold use for industrial and other purposes amounted to 60.58 tonnes, up 2.72%.

The association said the performance of different gold product segments varied during this time. Light-weight, high value-added jewelry continued to draw strong consumer interest. Purchases of gold bars remained robust, with rising geopolitical tensions and economic uncertainty reinforcing gold's appeal as a safe-haven asset.

At the same time, the fast expansion of industries such as electronics and new energy helped lift industrial demand for gold, it added.

It also noted that gold-backed exchange-traded funds in the Chinese market saw strong growth momentum during this period.