World Gold Council: Chinese Gold ETF Inflows Hit 44 Billion Yuan in January, Setting a Record High for the Start of the Year

Odaily News The World Gold Council released the "Monthly Review of the Chinese Gold Market." The report indicates that upstream physical gold demand in China remained robust in January: total gold withdrawals from the Shanghai Gold Exchange (SGE) reached 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 jewelry merchants increased their restocking efforts ahead of the Lunar New Year, jointly supporting gold demand. In January, gold ETF inflows in the Chinese market reached 44 billion yuan (approximately $6.2 billion, 38 tons), setting a record high for the start of any year. Both the total assets under management (AUM) and total holdings of these ETFs reached new historical highs. In 2026, the People's Bank of China continued to announce gold purchases, driving its gold reserves up by 1.2 tons to 2,308 tons, accounting for 9.6% of its total foreign exchange reserves. (Jin10)