The association attributed the uptick to a rebound in gold jewellery sales mainly due to stronger consumption of high-end products and rising purchasing power in China’s second- and third-tier cities. Uncertainties in the property and securities markets also contributed to an improved demand for gold, noted the China Gold Association.
I kontrast, gold production was down 3.76 percent during the first three quarters of 2017 compared to last year, it added.