BEIJING — Gold consumption in China saw a robust rebound in 2021 as demand further unleashed amid a stable economic recovery at home, industry data showed.
The country's gold consumption totaled 1,120.9 metric tons last year, an increase of 36.53 percent from a year ago, or up 11.78 percent compared to that of 2019, according to data released by the China Gold Association (CGA).
Consumption of gold jewelry rose about 45 percent year-on-year to 711.29 tonnes, CGA data showed.
Gold bar and coin investment jumped 26.87 percent year-on-year to 312.86 tons.
Driven by the rapid development of new energy and electronics industries, gold consumption for industrial and other uses in the country climbed 15.44 percent year-on-year to 96.75 tons.
CGA's data also showed that China produced 328.98 tons of gold last year, down 36.36 tons or 9.95 percent from a year ago.