China Gold Association said that China's gold production recovers to pre-pandemic level as demand for gold and jewelry jumps during the first quarter this year.
As COVID-19 impacts waned, the gold output of domestic mines operated by big gold enterprises reached around 32.72 tonnes during the first quarter, accounting for nearly half of the country's gold output, the data showed.
Central banks globally maintained net purchases of gold in the first quarter.
The People's Bank of China increased its gold holdings for five consecutive months from November 2022 to March 2023, including a total increase of 57.85 tonnes in the first quarter.
The association data also showed that China's gold reserves reached 2,068.38 tonnes by the end of March. (QNA)
Source: Qatar News Agency