China Gold Production Increases in First Half of the Year

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China’s gold consumption comes to 706.36 tons in the first six months of 2013, a year-on-year boost of 53.7% to reach 246.78 tons. (According to China Gold Association on August 12)

A total 383.86 tons of gold were utilized for jewelry and 278.81 tons made into gold bars, a year-on-year rise of 43.6% and 86.5% respectively, while 24.03 tons went to industrial values, a down turn of 1.6% year on year. A total of 8.79 tons gold were consumed in other fields, which glimpsed a collective 14.9% boost.

The statistics as well displayed that China’s gold output come to 192.82 tons in the first half year of 2013, a climb of 8.94% or 15.83 tons year on year. Gold mine output achieved 159.26 tons, with gold retrieved as a by-product from the smelting of other ores come to 33.56 tons, a year-on-year rise of 8.87% and 9.27% individually.