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China's Gold Imports Soar Past 1,000 Tonnes Amid Robust Investment Demand
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CNBC TV18•22-09-2026, 10:05
China's Gold Imports Soar Past 1,000 Tonnes Amid Robust Investment Demand
- •China's gold imports exceeded 1,000 tonnes through August, surpassing the total volume for 2025, driven by lower global prices and a stronger yuan.
- •Strong investment appetite has kept domestic gold prices at a premium, encouraging import activity.
- •Chinese exchange-traded funds accumulated 44 tonnes through August, an 18% increase year-to-date.
- •A revised licensing framework in June likely boosted import volumes as financial institutions utilized existing allocations.
- •China remains the world's top gold purchaser, with demand fueled by macroeconomic uncertainty and limited investment alternatives; the PBOC's continued gold acquisitions also bolster investor confidence.
Key Questions Answered
China's gold imports surged due to robust investment demand, bolstered by a decline in global prices and the appreciation of the yuan currency.
China's gold imports accumulated through August exceeded 1,000 tons, surpassing the total volume recorded throughout the entirety of 2025.
Chinese exchange-traded funds accumulated approximately 44 tons through August, representing an 18% expansion from the beginning of the year.
