China saw a shift in gold consumption in 2025 as investment demand overtook jewelry purchases. Gold production rose slightly, while total consumption fell compared to last year.
The China Gold Association reported that the country produced 381.339 tonnes of gold, with imports of raw materials also rising. Exploration and technology projects contributed to the production increase.
Investment in gold bars, coins, and ETFs surged, fueled by higher prices and active trading on domestic exchanges. Jewelry demand dropped sharply, marking a historic change in China’s gold market.
Related stories:
