World's top gold producer spends record $158B to import 1,141 tons of gold
China, the biggest gold producer globally, imported around 1,141 metric tons of the yellow metal worth a record US$158.8 billion in the first eight months of this year.
Chinese customs data reveals that the world's top gold producer, China, spent a record $158 billion to import 1,141 tons of gold in recent months, surpassing the total of $96.5 billion for all of 2025 on 886 tons of gold. This surge in imports is attributed to rising investment demand in China, driven by economic uncertainty and limited investment alternatives.
The People's Bank of China has stepped up its gold purchases, adding 20 tons to its reserves in August, the largest monthly figure since October 2023. Analysts attribute the demand to the central bank's purchases and private investors diversifying their reserves and savings towards an asset with no counterparty risk, as part of a broader long-term wealth preservation strategy.
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