World Gold Council: Total gold demand in the Chinese market in Q3 was 192 tonnes, growing both year-on-year and quarter-on-quarter.

Zhitong Finance APP has learned that on November 3, the World Gold Council released the "China Gold Demand Trends Report" for the third quarter of 2026. In the third quarter, total gold demand in the Chinese market (including gold jewelry, gold bars, gold ETFs, and industrial gold) amounted to 192 tonnes, up 12% year-on-year and up 23% quarter-on-quarter. In the quarter, Chinese gold ETFs recorded net inflows of 27 tonnes, reversing the net outflow in the second quarter (-22 tonnes). Although down 26% quarter-on-quarter from the particularly strong second quarter, bar and coin investment demand remained healthy, rising 7% year-on-year to 79 tonnes. Gold jewelry consumption rebounded seasonally by 30% quarter-on-quarter to 66 tonnes, with the total value of this segment reaching RMB 60.8 billion, significantly above the average of RMB 55.2 billion over the past decade. In the third quarter, the People's Bank of China accumulated 63 tonnes of gold, the highest single-quarter increase in four years.