In January, China's gold ETF inflow reached a new high of 44 billion yuan at the beginning of the year

The World Gold Council released the "Monthly Review of China's Gold Market", which pointed out that the demand for physical gold in China's upstream remained stable in January. The Shanghai Gold Exchange's gold outflow reached 126 tons, an increase of 1 ton year-on-year and 11 tons month on month. Gold bar sales are strong, and gold jewelry merchants are increasing their restocking efforts before the Spring Festival, jointly supporting gold demand. In January, gold ETFs in the Chinese market inflow 44 billion yuan (approximately 6.2 billion US dollars, 38 tons), setting a new high for the beginning of the year. The total asset management scale and total holdings both broke historical records. In 2026, the People's Bank of China's gold reserves will increase by 1.2 tons to 2308 tons, accounting for 9.6% of the total foreign exchange reserves.