CCTV News: On January 24, according to the latest statistics from the China Gold Association, in 2024, domestic raw materials produced 377.242 tons, an increase of 2.087 tons compared with 2023, an increase of 0.56% year-on-year. Among them, gold mineral gold completed 298.408 tons and nonferrous by-product gold completed 78.834 tons.
In 2024, China's gold consumption was 985.31 tons, a year-on-year decrease of 9.58%. Among them, gold jewelry was 532.02 tons, a year-on-year decrease of 24.69%; gold bars and gold coins were 373.13 tons, a year-on-year increase of 24.54%; industrial and other gold consumption was 80.16 tons, a year-on-year decrease of 4.12%.
In addition, in the face of fluctuations in gold prices, China's gold market has shown a rapid development momentum, and the trading volume and trading volume of the gold market have increased significantly. The cumulative trading volume of all gold varieties on the Shanghai Gold Exchange in 2024 was 62,300 tons of bilateral trading (31,100 tons of unilateral trading), an increase of 49.90% year-on-year, and the transaction volume was 34.65 trillion yuan (17.33 trillion yuan of unilateral trading), an increase of 86.65% year-on-year.
Last year, the People's Bank of China increased its holdings of gold by 44.17 tons throughout the year. As of the end of the year, China's gold reserves were 2279.57 tons, ranking sixth in the world, and the gold reserves hit a new record high.
