In the second quarter, China's market saw a gold ETF inflow of 46.4 billion yuan, marking the strongest quarter performance.

Data released by the World Gold Council on July 31 shows that China's gold ETF inflows reached 46.4 billion yuan in the second quarter, marking the strongest quarterly performance ever. Similar to the demand for gold bars and coins, the inflows into China's gold ETF market were concentrated in April, mainly driven by escalating global trade risks and soaring gold prices. In the first half of the year, total inflows into China's gold ETF market reached 63.1 billion yuan. With the combination of soaring gold prices, the total assets under management of China's gold ETF market more than doubled in the first half of the year, with a growth rate of 116% reaching 152.5 billion yuan by the end of June, and total holdings surged by 74% to 200 tons. Both AUM and total holdings reached their respective historical highs at the end of the month.