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While overall gold consumption in the first half was “unsatisfactory,” gold bullion coin sales were “remarkable” and down only slightly in the second quarter, the association said, without providing further details.

China’s gold output slid 7.3% year-on-year to 217.8 tonnes in the first half, although the association said domestic production had returned to normal in the second quarter, rising 5.8% from the first quarter.

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