China’s gold production rises by 12.4% in the first half of the year

The China Gold Association (CGA) reported that China’s gold production in the first half of 2022 increased by 12.4% year-on-year to 230.3 tons.

According to the report, gold products produced from domestic raw materials amounted to 174.7 tons in the first half of the year, up 14.4% year-on-year, while products produced from imported raw materials increased by 6.7% to 55.6 tons.

The country’s gold consumption fell 12.8% year-on-year to 476.8 tons in January-June.

Spot market trading prices for gold with a fineness of 99.99% or higher averaged 389.6 yuan per gram ($57.8), up 3.4% year-on-year.

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