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China Sees Rise in Gold Production, Decline in Consumption in Q1 2025

Beijing, May 03 (QNA) – China produced 87.24 tons of gold in the first quarter of 2025, marking an increase of 1.28 tons, or 1.49 percent, year-on-year, according to data released by the China Gold Association (CGA).

The data showed that gold consumption in the Chinese market declined by 5.96 percent year-on-year during the first quarter, totaling 290.49 tons.

Gold jewelry consumption dropped sharply by 26.85 percent to 134.53 tons, while demand for gold bars and coins surged by 29.81 percent, reaching approximately 138.02 tons.

Meanwhile, gold consumption for industrial and other uses fell by 3.84 percent to 17.94 tons.

The association attributed the decline in jewelry demand to rising gold prices, which in turn boosted interest in gold bars and coins as investment assets.

Gold-backed funds also recorded strong growth in the Chinese market during the same period. (QNA)

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