前三季度国内黄金消费量同比下降7.95%

Core Insights - In the first three quarters of 2024, China's gold production reached 271.782 tons, an increase of 3.714 tons or 1.39% year-on-year [1] - Gold consumption in China during the same period was 682.730 tons, reflecting a decline of 7.95% compared to the previous year [1] Production and Consumption - The production of gold in China has shown a slight increase, indicating stable mining operations despite market fluctuations [1] - The decline in gold consumption suggests a potential shift in consumer behavior or economic conditions affecting purchasing power [1] Market Trends - Different categories of gold products have exhibited varying performance, with high-value jewelry products maintaining strong market appeal and good sales [1] - Demand for gold bars remains robust, driven by geopolitical tensions and economic uncertainties, highlighting gold's role as a safe-haven asset [1] - The rapid development of industries such as electronics and renewable energy has led to a steady recovery in industrial gold demand [1] Investment Trends - Domestic gold ETFs saw an increase in holdings of 79.015 tons in the first three quarters, a significant rise of 164.03% year-on-year [1] - As of September 30, 2024, the total holdings in domestic gold ETFs reached 193.749 tons, indicating growing investor interest in gold as an investment vehicle [1] Central Bank Activities - Global central banks have been consistently increasing their gold reserves, with China having added 23.95 tons of gold from November 2024 to September 2025 [1] - As of September 30, 2025, China's total gold reserves stood at 2303.52 tons, reflecting a strategic move to bolster national reserves [1]