The China Gold Association said that in the first half of this year, key gold-producing provinces carried out major mine safety investigations, overhaul and special management, etc., and some mines stopped production and self-inspections, which affected domestic gold production to a certain extent. The China Gold Association said that with high fluctuations in gold prices combined with the implementation of new gold tax regulations, the domestic gold consumption structure continues to diverge, and gold bars and coins have become popular categories in the market. At the same time, high gold prices have boosted the cost of gold used by industrial enterprises, and the amount of gold used in industry has declined accordingly.

The China Gold Association said that in the first half of this year, key gold-producing provinces carried out major mine safety investigations, overhaul and special management, etc., and some mines stopped production and self-inspections, which affected domestic gold production to a certain extent. The China Gold Association said that with high fluctuations in gold prices combined with the implementation of new gold tax regulations, the domestic gold consumption structure continues to diverge, and gold bars and coins have become popular categories in the market. At the same time, high gold prices have boosted the cost of gold used by industrial enterprises, and the amount of gold used in industry has declined accordingly.