Modification de China s Jan-Sept Gold Consumption Climbs Over 7 On Rising...

Gold jewellery purchase rises 5.72% y/y<br><br>*<br><br>Buying for gold bars and [https://www.blogrollcenter.com/?s=coins%20jumps coins jumps] nearly 16% y/y<br><br>*<br><br>Domestically produced gold ticks up 0.47% y/y<br><br>*<br><br>China's total gold output increases 3.14% y/y<br><br>(Adds details throughout)<br><br>BEIJING, Oct 25 (Reuters) -<br><br>China's gold consumption in the first three quarters of 2023 climbed 7.32% from a year earlier on increasing demand amid economic recovery, the China Gold Association said on Wednesday.<br><br>Consumption of the precious metal in the world's largest consumer totaled 835.07 metric tons in the January-September period, with over 66%, or 552.04 tons, in gold jewellery, a rise of 5.72% year-on-year.<br><br>The rising pace of consumption of gold jewellery slowed down in the third quarter as buyers preferred to take a watchful stance amid lingering<br><br>high gold prices<br><br>, according to the association.<br><br>Interest in investment in the safe-haven asset mounted, with purchase of gold bars and coins rising nearly 16% to 222.37 tons, or 27% of the total, in the first nine months of the year.<br><br>The People's Bank of China continued to buy gold in September for the eleventh month in a row, increasing its reserves to 2191.55 tons by the end of the third quarter.<br><br>China's production of gold using domestic raw materials climbed 0.47% from a year earlier to 271.248 tons in the first three quarters, with mined output at 214.866 tons and output of gold as a byproduct of non-ferrous metals at 56.382 tons.<br><br>Also,  [https://xaydungtrangtrinoithat.com/cong-ty-xay-dung-tai-thua-thien-hue/ công ty xây nhà trọn gói] output of gold produced using imported raw materials stood at 96.277 tons from January to September, bringing the [https://healthtian.com/?s=country%27s country's] total output to 367.525 tons, a rise of 3.14% on the year, according to the association data.<br><br>(Reporting by Judy Hua, Amy Lv and Dominique Patton in Beijing; Editing by Jacqueline Wong and Sonia Cheema)