China increased its gold reserves by 44.17 tons in 2024 to a record 2279.57 tons, according to the China Gold Association (CGA). The PRC ranks sixth in the world in terms of reserves of this precious metal, Xinhua reports.
Gold consumption in the country last year decreased by 9.6% to 985.31 tons. Total gold production from domestic and imported raw materials increased by 2.85% to 534.106 tons.
In 2024, China’s largest companies mined 71.937 tons of gold at foreign mines, up 19.1% year-on-year.
