China Gold Association data: China’s gold consumption in Jan–Sep 2026 was
684.623 t, up 0.28% YoY. By use: jewelry 178.612 t, down 33.86% YoY; bars and
coins 444.576 t, up 26.26% YoY; industrial and other 61.434 t, up 1.41% YoY.
Domestic gold ETFs logged cumulative net inflows of 56.114 t in Jan–Sep, down
28.98% YoY; ETF holdings were 303.965 t at end-September.