1 thought on “What is the demand for the gold market”

  1. Gold consumption in 2021 is greatly recovered
    Gold is a special precious metal with dual attributes of goods and financial. In recent years, the number of gold consumption in my country has shown fluctuations. In 2018, the national gold consumption reached 1151.43 tons, reaching a new high in recent years. In the following two years, the demand for gold consumption in my country has fallen. Affected by the epidemic in 2020, the demand for gold consumption throughout the year has further dropped to 821 tons, the lowest value in recent years. In the whole year of 2021, my country's gold consumption was 1121 tons, an increase of 36.5%year -on -year, and it has resumed near the 2018 high.
    It jewelry consumption is the main gold consumption demand in my country
    Pypical depending on the field of gold downstream consumption in my country in 2021. Among them, jewelry consumption is my country's main gold consumption demand. In 2021, my country's gold jewelry consumption is 711.3 tons, a year -on -year increase of 45 %, Accounting for more than 60%of my country's gold consumption in 2021; followed by gold bars and gold coins and industrial and other gold.
    In global, according to data from the World Gold Association, the consumption demand for gold jewelry in my country alone in 2020 has accounted for about 30%of global gold jewelry consumption demand. It can be seen that my country is also a big country consumer in the world.
    Pypical sales of gold jewelry in my country. Since 2016, the consumption of gold jewelry in my country has fluctuated. Affected by the epidemic in 2020, the consumption of gold jewelry in my country has decreased to 490.6 tons. In 2021, with the epidemic, it gradually obtained the epidemic situation. Control, the domestic economy quickly responded, and the consumption of gold jewelry in my country increased significantly to 711.29 tons year -on -year increased by 45%.
    The traditional gold jewelry is still the mainstream of consumption
    From the perspective of subdivided products, in the 490. tons of gold jewelry consumed in 2020, the total retail volume of traditional gold jewelry is 348.01 tons. The total income was 169.874 billion yuan, and traditional gold jewelry accounted for 70.94 %of the total consumption of gold jewelry in my country; followed by the ancient legal gold jewelry in 2020, the total retail volume of ancient ancient legal gold jewelry was 92.23 tons, an increase of 26 %year -on -year from 2019. It accounts for 18.80%of the total consumption of gold jewelry in my country. The annual retail revenue of this type of product is 54.243 billion yuan, an increase of 67.01%year -on -year from 2019.
    In general, my country is a large country of gold. In 2021, my country's gold consumption was 1121 tons, an increase of 36.5%year -on -year. Among them, the consumption of gold jewelry was 711.3 tons, an increase of 45%year -on -year, accounting for more than 60%of my country's gold consumption in 2021. From the global perspective, my country is also a big country consumer of gold jewelry, accounting for about 30%of global gold jewelry consumption demand. From the perspective of subdivided products, traditional gold jewelry is still the mainstream of consumption.
    -The above data comes from the "China's Gold Industry Market Prospective and Investment Strategic Planning Analysis Report"

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