China's gold output increased by 13.74 metric tons or 4.96% year on year to 290.75 metric tons in the first ten months of this year, according to statistics released by the Ministry of Industry and Information Technology yesterday.

In the month of October, the country's gold output was 31.75 metric tons.

 
In the first ten months, gold mines in the country produced 243 metric tons of gold, 6.91% more than that in the same period of last year, while colored-by-product gold from nonferrous smelters decreased by 4.03% year on year to 47.5 metric tons.

During the same period, China's top ten gold producers, including China National Gold Group Corp, Zijin Mining Group Co Ltd and Shandong Gold Group, saw their combined output of gold products rise 12.04% from the same period of last year to 151.28 metric tons, accounting for 52.03% of the country's total.

The gross output value of the gold industry jumped 22% year on year in the first ten months, and the sector's profit surged to RMB 26.78 billion. In October, the industry's gross output was RMB 24.7 billion, and its profit stood at RMB 3.06 billion.