China produced 271.78 metric tons of gold in the first three quarters of 2025, up 1.39 percent year-on-year, data from the China Gold Association revealed.

Meanwhile, gold consumption in the Chinese market fell 7.95 percent year-on-year to 682.73 tons, it said.

During this period, consumption of gold jewelry fell to 270.04 tons, down 32.5 percent year-on-year, while consumption of gold bars and coins rose by 24.55 percent to 352.12 tons. Gold use for industrial and other purposes amounted to 60.58 tons, up 2.72 percent.

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Performance of different gold product segments varied, with light-weight, high value-added jewelry continuing to draw strong consumer interest. Purchases of gold bars remained robust, as rising geopolitical tensions and economic uncertainty reinforce gold's appeal as a safe-haven asset.

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The fast expansion of industries such as electronics and new energy helped lift industrial demand for gold, it said.