China's gold market split in H1 2026: jewelry down 34%, bars and coins up 28%

bjnews.com.cn (Chinese)

China’s gold market split in the first half of 2026: jewelry demand plunged 33.88% while investment-grade bars and coins rose 28.42%, new data showed. Total consumption edged up 1.23% to 511.412 tons. Gold ETF additions tumbled 66.17%. Prices were volatile: London spot gold fell 8.22% to $4,026.05/oz, and Shanghai Au9999 dropped 11.21%. Domestic mine output fell 14.62% amid safety inspections, though overseas mines grew. China’s central bank raised gold reserves for a 20th consecutive month, reaching 2,346.45 tons.


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China's gold market split in H1 2026: jewelry down 34%, bars and coins up 28% | News Minimalist