Mining
China steps up gold buying as jewellery demand fades
World Gold brief based on reporting byThe Northern Miner
Reported by The Northern Miner: “China steps up gold buying as jewellery demand fades”. Gold settled at $4,181 an ounce on October 16, 2026 — $134.43 per gram, +0.26% on the day. The story touches China: we track local prices and customs flows for those.
Changes in production, costs and reserves affect future metal availability. The impact is slower than rates or the dollar, but material for the long-term supply balance.
- mine output
- production costs
- capital expenditure
- recycling
- production guidance
- producer AISC
- new projects and permits
- reserve and import data: China
Methodology and transparency
This World Gold brief is based on the headline and available metadata. We do not reproduce the publisher's article or add unverified details. The price on the date of the report is our own data: the daily COMEX futures settlement, converted to grams at 31.1035 g per troy ounce.