China's total gold output declined by 3.3% year-on-year in the first quarter of 2026, while investment demand remained strong, driving a significant increase in bar and coin consumption.

Foreign Media: Data released by the China Gold Association shows that China's total gold output (including domestic and imported raw materials) in the first quarter of 2026 amounted to 136.230 tons, a year-on-year decrease of 3.3%, with domestic production at 81.065 tons, down 7.1%, primarily due to plant shutdowns and maintenance caused by safety inspections.

Meanwhile, gold consumption reached 303.292 tons during the same period, up 4.4% year-on-year. Investment demand remained strong, with gold bars and coins consumption surging by 46.4% to 202.062 tons, while gold jewelry consumption declined by 37.1% to 84.62 tons, as bank channel sales of gold bars saw significant increases.

Original Source: toutiao.com/article/1864700162060292/

Disclaimer: The views expressed in this article are solely those of the author.