China News Service, Beijing, August 3 (Reporter Liu Yuying) According to data released by the China Gold Association on the 3rd, China's gold consumption rebounded sharply in the first half of 2021, of which gold jewelry, gold bars and gold coins increased by 67.68% and 96.28% respectively. .
According to statistics, in the first half of 2021, China's actual gold consumption was 547.05 tons, an increase of 69.21% compared with the same period in 2020, and an increase of 4.49% compared with the same period in 2019 before the epidemic.
Among them: 348.56 tons of gold jewelry, a year-on-year increase of 67.68%; gold bars and gold coins 151.10 tons, a year-on-year increase of 96.28%.
Due to the low base in the same period last year, gold consumption rebounded sharply in the first half of the year.
In the second quarter, driven by factors such as Ching Ming Festival, "May Day", and the Dragon Boat Festival holiday, the recovery of gold jewelry consumption continued to increase. Among them, the consumption of ancient gold jewelry became the main driving force for the recovery of the industry.
The China Gold Association said that in the second quarter, physical gold investment continued to maintain a high degree of enthusiasm. In particular, the gold price correction in June and the short-term “upside down” of domestic and foreign gold prices gave investors the opportunity to buy on dips.
Benefiting from the fierce demand for new energy vehicles and electronic products, the demand for industrial gold continues to grow steadily.
In terms of gold production, in the first half of 2021, the domestic raw material gold output was 152.75 tons, a decrease of 17.32 tons compared with the same period in 2020, a year-on-year decrease of 10.18%.
The China Gold Association stated that due to two safety accidents in Yantai at the beginning of the year, the non-coal mines in Shandong Province began to stop production and conduct safety production inspections since February, which was the main reason for the decline in gold production in the first half of the year.
It is understood that the two world-class gold mines of China Gold Shaling Gold Mine and Shandong Zhaojin Haiyu Gold Mine have obtained mining licenses, and the project construction has entered the fast lane of full implementation, which will become an important guarantee for domestic gold production in the future; Zijin Mining Serbia Hill The Kalu-Page copper-gold mine has entered the trial production stage and will become another growth point for China's overseas gold production.