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In the first quarter, the mainland's gold production and consumption increased year-on-year
According to data released by the China Gold Association on April 26, in the first quarter of 2024, the domestic raw gold output in mainland China was 85.959 tons, a year-on-year increase of 1.16%, and the willingness of gold mining enterprises to carry out geological exploration and infrastructure technical transformation was strengthened against the background of a strong rise in gold prices, and gold production maintained growth Gold consumption was 308.905 tons, a year-on-year increase of 5.94%, of which gold jewelry consumption was 183.922 tons, a year-on-year decrease of 3.00%, and gold bar and gold coin consumption was 106.323 tons, a year-on-year increase of 26.77% Industrial and other gold consumption was 18.660 tonnes, up 3.09% year-on-year, with high gold prices suppressing gold jewellery consumption but boosting bar and coin consumption at relatively low premiums
Source: Xinhua Vision