In 2023, China's gold consumption reached 1089.69 tons

On April 7th, China has become a major consumer of gold. According to data from the China Gold Association, the consumption of gold in China reached 1089.69 tons in 2023, a year-on-year increase of 8.78%. Among them, the consumption of gold jewelry was 706.48 tons, a year-on-year increase of 7.97%; The consumption of gold bars and coins was 299.60 tons, a year-on-year increase of 15.70%.