Global Gold Demand Surges to USD146B in Third Quarter

(MENAFN) Global gold demand climbed 3% year-on-year in the third quarter of 2025, reaching a record high in both tonnage and value, according to the World Gold Council (WGC) on Thursday.

Including over-the-counter (OTC) transactions, total demand surged to 1,313 tons, valued at $146 billion, the WGC said in its statement.

The council attributed the rise to stronger investment appetite, which grew to 537 tons in the quarter, fueled by geopolitical tensions and a weaker U.S. dollar.

During the first nine months of 2025, global gold demand edged 1% higher, totaling 3,717 tons and equivalent to $384 billion—a 41% year-on-year increase in value.

Central banks also accelerated their purchases, acquiring 220 tons of net gold in the third quarter—a 28% increase from the previous quarter and 10% higher than the same period in 2024.

For the year-to-date, net central bank purchases reached 634 tons. Although this figure trails the exceptionally high levels seen over the past three years, the WGC noted it remains well above pre-2022 averages.

In contrast, global jewelry demand plunged 19% compared to last year’s third quarter.

"Technology demand was fractionally weaker compared with third quarter of 2024. Support from growing AI demand met with headwinds from US tariff policy and the surging gold price," the WGC added.

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