中国黄金协会：前三季度我国黄金首饰消费量270.036吨，同比下降32.50%

Core Insights - China's gold consumption in the first three quarters of 2025 reached 682.730 tons, representing a year-on-year decline of 7.95% [1] - The demand for gold jewelry decreased by 32.50% to 270.036 tons, while gold bars and coins saw an increase of 24.55% to 352.116 tons, and industrial and other gold usage rose by 2.72% to 60.578 tons [1] Summary by Category Gold Jewelry - Gold jewelry consumption fell significantly by 32.50%, totaling 270.036 tons, indicating a weaker market for this category [1] Gold Bars and Coins - The demand for gold bars and coins increased by 24.55%, reaching 352.116 tons, driven by heightened geopolitical tensions and economic uncertainty, which enhanced gold's role as a safe-haven asset [1] Industrial and Other Gold Uses - Industrial gold demand grew by 2.72% to 60.578 tons, supported by the rapid development of electronic and new energy industries [1] Gold ETFs - Domestic gold ETFs saw an increase in holdings by 79.015 tons, a substantial rise of 164.03% compared to the same period in 2024, with total holdings reaching 193.749 tons by the end of September [1]