According to data released by the World Gold Council on November 3, the total demand for gold in the Chinese market reached 192 tons in the third quarter, up 12% year on year and 23% month on month. Among them, there was a net inflow of 27 tons of gold ETFs; investment demand for gold bars and coins increased 7% year over year to 79 tons; and jewellery consumption rebounded 30% month-on-month to 66 tons, with a total value of RMB 60.8 billion, which is significantly higher than the average of RMB 55.2 billion over the past ten years.

According to data released by the World Gold Council on November 3, the total demand for gold in the Chinese market reached 192 tons in the third quarter, up 12% year on year and 23% month on month. Among them, there was a net inflow of 27 tons of gold ETFs; investment demand for gold bars and coins increased 7% year over year to 79 tons; and jewellery consumption rebounded 30% month-on-month to 66 tons, with a total value of RMB 60.8 billion, which is significantly higher than the average of RMB 55.2 billion over the past ten years.