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China's Gold Rush: Imports to Hit Record 1,700 Tonnes in 2026, Highest in a Decade.
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CNBC Awaaz•29-09-2026, 11:21
China's Gold Rush: Imports to Hit Record 1,700 Tonnes in 2026, Highest in a Decade.
- •China's gold imports are estimated to reach 1,700 tonnes in 2026, marking the highest level this decade.
- •In August, China imported 142 tonnes of gold, bringing total imports for the first eight months to 1,141 tonnes.
- •Gold purchases in China remain strong despite historically high prices, indicating sustained investment demand.
- •Australia's gold production reached 303 tonnes in fiscal year 2025-26, accounting for about 8% of global output.
- •Indonesia plans to integrate 1,800 tonnes of privately held gold into its formal financial system.
Key Questions Answered
China's gold imports are estimated to reach around 1,700 tonnes in 2026, which would break a ten-year record and mark the highest annual level of the decade.
Australia produced 303 tonnes of gold by the fiscal year ending June 2026, consistent with its long-term annual production level and accounting for about 8 percent of global mined gold.
A weak monsoon with rainfall about 15 percent below the long-term average by the end of September 2026 could impact crop yields, reduce rural incomes, and put downward pressure on rural gold demand during the festive and wedding season.
