Group 1 - The core viewpoint of the report is that global gold demand reached 1249 tons in Q2 2025, marking a 3% year-on-year increase, with China's retail gold investment and consumption demand hitting 245 tons, a 28% increase year-on-year, setting a record high for the World Gold Council [1][4] - Global gold ETF demand remained strong, with inflows of 170 tons in Q2, contributing to a total of 397 tons for the first half of 2025, the highest since 2020 [2] - Investment in gold bars and coins also saw significant growth, with a 11% year-on-year increase to 307 tons in Q2, and Chinese demand surged by 44% to 115 tons [2][7] Group 2 - In contrast to the growth in gold ETFs and investment in gold bars and coins, global gold jewelry demand declined by 14% year-on-year, nearing the lows seen during the pandemic in 2020 [3] - Central banks continued to purchase gold, adding 166 tons in Q2 2025, although at a slower pace, with 95% of surveyed central banks expecting to increase their gold reserves in the next 12 months [3] - In China, retail gold investment and consumption reached a record high in both Q2 and the first half of 2025, despite a 10% quarter-on-quarter decline [4][7]
世界黄金协会：中国上半年零售黄金投资消费总金额创历史新高
Zhong Guo Xin Wen Wang·2025-07-31 19:42