China gold production slips as investment demand rises

China's gold production fell 7.1% in the first quarter of 2026. Consumption rose 4.4% as high demand for bars and coins offset a decline in jewelry sales.

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China gold production fell 3.3% to 136.230 metric tons in the first quarter of 2026 as consumption rose 4.4%. Domestic output dropped 7.1% to 81.065 tons following safety inspections and smelter maintenance. Surging investment demand for gold bars and coins is offsetting a sharp decline in jewelry sales.

Smelter Maintenance Drags Down Domestic Supply

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