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China's Gold Demand Soars; Prices Hit 43-Year High

10/21/2025

25 5 Full Breakdown

Summary

Story summary

China's wholesale gold demand reached 118 tonnes in September, up 33 tonnes from August.
The Shanghai Gold Benchmark Price PM (SHAUPM) rose 36% in the first nine months of 2025.
The London Bullion Market Association (LBMA) gold price jumped 43% in Q3, the highest since 1979.
Investment demand rose, with gold-backed ETFs adding 4.9 tonnes.

History

Historical Context

Gold prices surged to $850 per ounce in 1980 amid economic instability, reflecting a 43% increase in Q3, driven by geopolitical tensions and inflation. This historical trend of gold as a safe-haven asset continues today, as China's wholesale gold demand reached 118 tonnes in September 2023, highlighting ongoing investment interest during uncertain economic times.

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Story summary

China's wholesale gold demand reached 118 tonnes in September, up 33 tonnes from August.
The Shanghai Gold Benchmark Price PM (SHAUPM) rose 36% in the first nine months of 2025.
The London Bullion Market Association (LBMA) gold price jumped 43% in Q3, the highest since 1979.
Investment demand rose, with gold-backed ETFs adding 4.9 tonnes.

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