China’s gold production exceeded 400 tons in 2012 and broke new history record
Posted on Feb-28-2013· by china investor
China’s gold output reached 403.05 tons in 2012, increase 42.090 tons than last year, an increase of 11.66%, break a new history record and ranked first in the world for six consecutive years.
Gold production in the top ten provinces are below: Shandong, Henan, Jiangxi, Yunnan, Inner Mongolia, Gansu Province, Fujian Province, Hunan Province, Shaanxi Province, Anhui Province. The gold production of the ten provinces share 82.71 % of national total output.
In 2012, in Shanghai Gold Exchange, the various types of gold products traded 6350.202 tons in tatal, 2,150,634,100,000 yuan turnover; Shanghai Futures Exchange total turnover of gold futures contracts reached 11,833,490 hand, 4,036,437,500,000 yuan of turnover. Annual average international price of gold is to $ 1,668.94 / oz, from $ 1,571.68 in 2011 / ounce, up 6.19%, with dollar continued to junk currency, gold has been remained strong in the eleventh consecutive year, such cases have been away from the normal financial order, the order of the international financial urgent need to return to the real economy or to promote industrial upgrading of large-scale scientific and technological innovation road up, relying solely on the junk money can not solve the economic problems, but also may bring an even greater disaster.