Group 1: Gold Production and Consumption - In 2025, China's domestic gold production reached 381.339 tons, an increase of 4.097 tons or 1.09% year-on-year [1] - Imported gold production amounted to 170.681 tons, up by 13.817 tons or 8.81% year-on-year [1] - Total gold production from domestic and imported sources was 552.020 tons, an increase of 17.914 tons or 3.35% [1] - China's gold consumption in 2025 was 950.096 tons, a decrease of 3.57% year-on-year [2] - Gold jewelry consumption fell to 363.836 tons, down 31.61%, while gold bars and coins consumption rose to 504.238 tons, up 35.14% [2] Group 2: Market Trends and Price Movements - The demand for gold in China is diversifying due to high gold prices and new tax policies, with gold bars and coins consumption surpassing jewelry for the first time [2] - By the end of December 2025, the London spot gold price increased by 62.90% compared to the beginning of the year, while the Shanghai Gold Exchange's Au9999 price rose by 58.78% [2] - The Shanghai Gold Exchange and other trading platforms responded to price volatility by adjusting trading parameters to stabilize market expectations [2] Group 3: Investment and Holdings - In 2025, China's domestic gold ETF saw an increase in holdings of 133.118 tons, a growth of 149.91% compared to 2024 [2] - As of December 2025, China's gold reserves reached 2306.32 tons, with an increase of 26.75 tons throughout the year [2] - Global central banks, including China, have been consistently increasing their gold holdings, with China adding gold for 14 consecutive months [2]
2025年中国黄金产量381.339吨