World Gold Council: Total holdings of gold ETFs in the Chinese market reached a record high in the first quarter.

The World Gold Council's Global Gold Demand Trends Report for the first quarter of 2025 was released on April 30th. Reporters learned at the event that demand for gold ETFs in the Chinese market surged, with approximately 16.7 billion yuan flowing in during the first quarter, reaching a historical high. The skyrocketing gold price and unprecedented inflow volume boosted the total assets under management and total holdings of gold ETFs to break through historical records, reaching highs of 101 billion yuan and 138 tons, respectively. According to statistics, the total gold consumption demand in the Chinese market for the first quarter was 249 tons, a decrease of 15% year-on-year, mainly due to weak demand for gold jewelry.