World Gold Council: In January, China's gold ETF inflows reached 44 billion RMB, setting a new record for the start of the year

SmartContractAuditor · 2026-02-12T11:46:59+00:00

The report shows that China's gold demand remained steady in January, with gold withdrawals reaching 126 tons, a year-on-year increase of 1 ton and a month-on-month rise of 11 tons. Market gold ETF inflows hit a record high, and the People's Bank of China's gold purchase announcement boosted reserves to 2,308 tons, accounting for 9.6% of foreign exchange reserves.

SmartContractAuditor

2026-02-12 11:46:59

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Odaily Planet Daily reports that the World Gold Council has released the “China Gold Market Monthly Review.” The report states that in January, China’s upstream physical gold demand remained steady: the Shanghai Gold Exchange (SGE) had a total gold withdrawal of 126 tons, a slight increase of 1 ton year-on-year and an increase of 11 tons month-on-month; gold bar sales were strong, and before the Spring Festival, gold jewelry merchants increased replenishment efforts, jointly supporting gold demand. In January, gold ETFs in the Chinese market saw inflows of 44 billion RMB (approximately 6.2 billion USD, 38 tons), setting a new record for the start of the year. Its total assets under management (AUM) and total holdings both hit record highs. In 2026, the People’s Bank of China continued to announce gold purchase plans, increasing its gold reserves by 1.2 tons to 2,308 tons, accounting for 9.6% of its total foreign exchange reserves. (Jinshi)

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