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China's gold consumption picks up in 2021
Updated: February 4, 2022 13:50 Xinhua

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.

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