TechFlow, on November 2, according to the "Gold Demand Trends Q3 2025" report released by the World Gold Council, global gold demand broke a quarterly record for the first time:
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Total demand reached 1,313 tons, up approximately 3% year-on-year.
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In value terms, gold demand amounted to about $146 billion, up approximately 44% year-on-year.
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Investment demand was the main driver, with significantly increased ETF purchases and physical bar and coin demand remaining above 300 tons for the fourth consecutive quarter.
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Central banks continued net buying of gold, with official net purchases reaching 220 tons in the third quarter, up approximately 28% quarter-on-quarter.
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Jewelry consumption declined, totaling 371 tons in the third quarter, down approximately 19% year-on-year, though its value still rose by about 13%.
The report shows that as gold prices continue to hit new highs (quarterly average price of about $3,456 per ounce, up approximately 40% year-on-year), market demand for gold as a safe-haven and investment asset has further strengthened.
