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Investing.com -- China’s net gold imports via Hong Kong surged 126.81% in July from the previous month, according to data released Tuesday by Hong Kong’s Census and Statistics Department.
Net imports reached 43.923 metric tons in July, compared to 19.366 tons in June. Total gold imports via Hong Kong climbed to 58.296 tons, up 67.91% from 34.719 tons in the previous month.
As the world’s largest gold consumer, China’s purchasing patterns can have a significant impact on global gold markets. However, the Hong Kong figures represent only a partial view of China’s gold imports, as the metal also enters the country through Shanghai and Beijing.
The July increase coincides with continued gold purchases by China’s central bank, which added to its reserves for the ninth consecutive month in July, according to official data released earlier in August.
The uptick in Chinese imports comes amid strong global demand for gold. The World Gold Council reported last month that worldwide gold demand, including over-the-counter trading, rose 3% year-on-year to 1,248.8 metric tons in the second quarter of 2025, with investment demand jumping 78% during the period.
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