China's gold production in 2025 slightly increased year-on-year, while consumption decreased year-on-year

According to the China Gold Association, China’s gold production in 2025 is expected to reach 381.34 tons, a year-on-year increase of 1.09%; gold consumption is projected to be 950.1 tons, a decrease of 3.57% year-on-year. From the production side, domestic raw material gold output in 2025 is expected to be 381.34 tons, up 1.09% year-on-year; imported raw material gold production is expected to be 170.68 tons, an increase of 8.81%. A relevant person from the China Gold Association stated that in 2025, a number of exploration, development, and technological breakthrough projects achieved phased progress. The Dadonggou Gold Mine in eastern Liaoning achieved a major mineral discovery, confirming the country’s first large-scale, low-grade super-large gold deposit of over a thousand tons. Infrastructure projects such as the Shaling Gold Mine and offshore gold mines in Laizhou, Shandong, are progressing in an orderly manner; projects like the Katuoba A Su Gold Mine in Xinjiang have successfully entered the official production stage. The sinking of the secondary shaft at Sanshandao Gold Mine was safely completed, with the final depth reaching 2005 meters. From the consumption perspective, China’s gold consumption in 2025 is expected to be 950.1 tons, a decrease of 3.57% year-on-year. Among them, gold jewelry consumption is 363.84 tons, down 31.61%; gold bars and coins consumption is 504.24 tons, an increase of 35.14%; industrial and other gold uses total 82.02 tons, up 2.32%. Notably, in 2025, China’s consumption of gold bars and coins will surpass that of gold jewelry for the first time. Additionally, with the rapid development of emerging industries such as electronics and new energy, the demand for gold in the industrial sector is steadily increasing. In 2025, the trading volume and transaction value of China’s gold market will see significant growth. The Shanghai Gold Exchange’s total trading volume for all gold varieties is projected to reach 62,900 tons, with a total transaction value of 49.86 trillion yuan. (Xinhua News Agency)