China’s Gold Demand Falls 3.5% in First Half of 2025
In H1 2025, China imported and mined a combined 505.205 tonnes of gold for use in jewelry, investment, and industry—a drop of 3.54% from the 524 tonnes recorded in the first six months of 2024.
The China Gold Association noted that slower consumer spending, tempered investor appetite, and muted industrial demand all contributed to the decline. Meanwhile, output from Chinese mines edged down by just 0.31% to 179.083 tonnes, reflecting steady but slightly reduced domestic production.
