China’s gold market closed 2025 on a high note.
A month of high demand in December pushed the market upward. The gold price achieved its strongest yearly gain in decades. The World Gold Council update shows market shifts driven by new investment moves and rule changes.
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Gold Prices Soar to Multi-Decade Highs
In 2025, gold prices climbed in China and around the globe. The SHAUPM price in RMB jumped 58% in one year. The LBMA Gold Price in USD rose 67%—its best gain since 1979. World events and active option trades helped push investor interest. The stronger Chinese yuan did not stop gold prices from rising in December.
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Seasonal Recovery in Wholesale Demand Amid Broader Declines
In December, wholesale gold shipments increased 36% to 115 tonnes. But the total wholesale demand fell 11% for 2025, ending at 1,298 tonnes. Sales in gold jewelry grew during the year’s end. Higher gold costs and new VAT changes pushed buyers away at first. Later, buyer behavior slowly returned to normal.
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Surge in Gold Investment Via ETFs and Futures Markets
Gold investment through ETFs and futures reached new records in 2025. Chinese gold ETFs received RMB 112 billion of new funds. Assets under management climbed to RMB 242 billion, a 243% increase from the previous year. ETF gold holdings ended the year at 248 tonnes. The Shanghai Futures Exchange saw daily trades average 457 tonnes, a 52% rise. Investors used these tools to hedge risk and speculate as prices changed.
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China’s Official Gold Reserves Continue to Expand
The People’s Bank of China bought gold every month in 2025. A total of 27 tonnes was added. At year’s end, official reserves reached 2,306 tonnes, or 8.5% of the nation’s foreign exchange funds. This build-up helped build trust in the market.
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Mixed Trade Flows Reflect Local Market Dynamics
In November 2025, net gold imports rose to 47 tonnes after a seasonal shift. Yet, imports remained 60 tonnes lower than in previous years. Tax changes and pricing gaps with global markets kept importers cautious.
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Looking Ahead
China’s gold market shows split paths. Jewelry demand fell while financial investment in gold grew. The World Gold Council will soon issue its 2025 Gold Demand Trends report. Traditional gold now links with modern funds like ETFs and futures. The market reflects shifts driven by new rules and growing global risks. Market watchers see these trends as a sign of local and global shifts.
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📝 About This Article
This article was generated by Hivebox AI
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