[HIGHLIGHTS] Last year, national gold consumption exceeded 1,000 tons, and consumer demand is forecast to remain strong in 2024

Last year, China’s gold consumption exceeded 1,000 tons, a year-on-year increase of 8.78%. China's domestic gold jewelry consumption will reach 282 billion yuan in 2023, a record high.

Gold consumer demand will remain strong in 2024, according to the China Gold Association. The closing price of Au9999 gold on the Shanghai Gold Exchange at the end of December 2023 was 479.59 yuan per gram, an increase of 16.69% from the opening price at the beginning of 2023.