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(Xinhua file photo: Artisans use gold leaf to decorate their handicrafts at a factory in Nanjing. East China’s Jiangsu Province, December 12, 2019)
BEIJING, Jan. 25 (Xinhua) — On Wednesday (Jan. 24), the China Gold Association reported that the country’s total gold production in 2023 was 375.16 tons, an increase of 0.84 percent from the previous year. And China’s gold trading volume last year totaled 1,089.69 tons, an increase of 8.78 percent year on year.
The report states that gold jewelry trade in the Chinese market in 2023 totaled 706.48 tons, an increase of 7.97 percent compared to the previous year. Total trading of gold bars and coins reached 299.6 tonnes, an increase of 15.7 percent compared to 2022.
Gold trading for industrial and other uses from the Chinese market in 2023 totaled 83.61 tonnes, down 5.5 percent from the previous year.
The association said China’s gold-only mutual funds (ETFs) continue to grow in 2023, with total holdings of such funds reaching around 61.47 tonnes by the end of 2023, up 10.04 tonnes or 19.53 per cent year-on-year
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