上半年国内金饰消费量大跌近三成，金条金币销量涨超23%

Group 1: Gold Consumption in China - In the first half of 2025, China's gold consumption reached 505.205 tons, a year-on-year decrease of 3.54% [1] - Gold jewelry consumption dropped significantly to 199.826 tons, down 26.00% year-on-year, while gold bars and coins increased to 264.242 tons, up 23.69% [1] - Industrial and other gold usage rose slightly to 41.137 tons, a year-on-year increase of 2.59% [1] Group 2: International Gold Prices - International gold prices surged due to escalating global conflicts, with the London spot gold price at $3287.45 per ounce at the end of June, a 24.31% increase since the beginning of the year [2] - The average gold price for the first half of the year was $3066.59 per ounce, reflecting a 39.21% year-on-year increase [2] - In China, the Shanghai Gold Exchange's Au9999 gold closed at 764.43 yuan per gram at the end of June, up 24.50% year-to-date [2] Group 3: Central Bank Gold Reserves - Central banks globally are increasing their gold reserves, with 95% of surveyed central banks indicating they will continue to do so in the next 12 months, the highest percentage since 2019 [2] - China's gold reserves increased by 18.97 tons in the first half of the year, totaling 2298.55 tons by the end of June [2] Group 4: Sovereign Wealth Funds and Market Trends - Sovereign wealth funds are also purchasing gold, with Azerbaijan's state oil fund acquiring 35 tons in the first half of the year, raising its total holdings to 181 tons [3] - Long-term trends supporting gold prices remain unchanged, but short-term fluctuations may be influenced by U.S. macroeconomic data [3] - As of the latest report, COMEX gold futures were priced at $3382.6 per ounce, showing a slight decline [3]