Ray Jia

Research Head, China World Gold Council

China’s gold market in April: wholesale demand down but gold reserves rose for the sixth consecutive month

Key highlights:

  • The LBMA Gold Price AM in USD rose by 0.2% in April while the Shanghai Gold Benchmark PM (SHAUPM) in RMB saw a 0.7% gain, due mainly to a depreciating RMB against the USD 
  • The average Shanghai-London gold price premium fell sharply in April amid easing local supply and demand conditions

Posted 9 months 1 week ago