Hong Kong Gold Imports Soar for China as Reserves Hit Record High

China's net gold imports via Hong Kong surged in June, more than doubling from the same month last year to 50.679 metric tons.

This represents a significant increase from June 2025's figure of 19.366 tons, but is actually down about 5% from May's 53.674 tons.

The total amount of gold imported via Hong Kong in June was 78.147 tons, up nearly 20% from the previous month's 65.562 tons.

The spot price of gold fell by more than 11% in June, marking a fourth consecutive decline.

Despite this, China's central bank reported its largest monthly increase in gold reserves in over two and a half years, with holdings reaching 75.44 million fine troy ounces by the end of June.