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Output fell 9.92% y/y to 74.44 T First quarter demand reverted to pre-pandemic level (Adds details on spending, background on bullion) BEIJING, April 30 (Reuters) - China’s gold consumption soared 93.9% in the first three months from the same quarter a year earlier, recovering to pre-pandemic levels fuelled by strong demand for gold jewelleries and rising investment, the China Gold Association said on Friday. Consumption in China in the first quarter stood at 288.2 tonnes, compared with 148.63 tonnes a year ago, the association said in a statement on its website. The rise came as spending for gold jewelleries picked up quickly during China’s Lunar New Year holidays and Valentine’s Day, said the association.

Zhao jinMin zhangShivani singhJacqueline wongThomson reuters trust principlesZhaojin groupA world gold councilChina gold associationLunar new yearWorld gold councilChina goldShandong gold miningZijin miningThomson reuters trustGold update 1Asia pacific