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China's gold imports surge after slump in international prices
By Yihui Xie
Bloomberg News
via Yahoo News, Sunnyvale, California
Thursday, July 23, 2026
Chinese gold imports rose to a two-year high in June, underscoring resilient demand in the world's biggest bullion market after a plunge in international prices.
Overseas purchases rose a third month to about 173 tons, according to the latest customs data, the highest mark since March 2024. Cheaper prices and a stronger yuan kept investors interested, while banks were motivated to use up import quotas and stock up on bullion to meet retail commitments.
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"Investors buying the dip is an important driver of recent demand," said Zijie Wu, an analyst at Jinrui Futures Co. "Commercial banks need to build up their inventories to provide the physical backing for retail bullion sales and gold accumulation plans, as well as preserving some safety reserve for when demand spikes." ...
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