China's gold output up 1.39% in first three quarters

China produced 271.78 metric tons of gold in the first three quarters of 2025, up 1.39 percent year-on-year, data from the China Gold Association revealed.

Meanwhile, gold consumption in the Chinese market fell 7.95 percent year-on-year to 682.73 tons, it said.

During this period, consumption of gold jewelry fell to 270.04 tons, down 32.5 percent year-on-year, while consumption of gold bars and coins rose by 24.55 percent to 352.12 tons. Gold use for industrial and other purposes amounted to 60.58 tons, up 2.72 percent.

Performance of different gold product segments varied, with light-weight, high value-added jewelry continuing to draw strong consumer interest. Purchases of gold bars remained robust, as rising geopolitical tensions and economic uncertainty reinforce gold's appeal as a safe-haven asset.

The fast expansion of industries such as electronics and new energy helped lift industrial demand for gold, it said.

zhengxin@chinadaily.com.cn