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SummaryTotal investment demand up 47% y/y, led by ETFsGold jewellery fabrication fell 23%, the WGC estimatesBuying by central banks up 10% Oct 30 (Reuters) - Global gold demand rose by 3% year-on-year to 1,313 metric tons, the highest quarterly number on record, in the third quarter as investment demand soared, the World Gold Council said on Thursday. Spot gold prices are up 50% so far this year after hitting a record high of $4,381 a troy ounce on October 20 on safe-haven demand driven by geopolitical tensions, U.S. tariff uncertainty and more recently a wave of fear-of-missing-out or "FOMO" buying. Advertisement · Scroll to continueReport Ad "The outlook for gold remains optimistic, as continued US dollar weakness, lower interest rate expectations, and the threat of stagflation could further propel investment demand," said Louise Street, senior markets analyst at the World Gold Council. "Our research indicates the market is not yet saturated." Demand for gold bars and coins rose 17% in the third quarter, led by India and China, while inflows into physically backed gold exchange-traded funds jumped by 134%, said the WGC, an industry body whose members are global gold miners. Together these categories offset a continuing sharp fall in gold jewellery fabrication, the largest category of physical demand, which fell 23% to 419.2 tons as high prices affected purchases by buyers all other the world. Advertisement · Scroll to continue Get the key points from this story with Reuters AI Central banks, another major source of gold demand, increased purchases by 10% to 219.9 tons in the third quarter, the WGC estimated, based on reported purchases and its assessment of unreported buying. Central banks have bought 634 tons in January-September, "trailing behind the exceptional highs of the last three years, but comfortably above pre-2022 levels," the WGC said. On the supply front, recycling added 6% and mine production increased by 2% in the third quarter, bringing the quarterly gold supply to a record high. Gold supply and demand by WGC*: Q3'24Q2'25Q3'25Q3'25 change y/y %TOTAL SUPPLY1,275.91,226.81,313.13Mine production957.6904.3976.62Net producer hedging-6.5-24.8-8.0 Total mine supply951.1879.4968.72Recycled gold324.9347.4344.46TOTAL DEMAND1,275.91,226.81,313.13Jewellery fabrication:546.6355.6419.2-23- Jewellery consumption460.0341.2371.3-19- Jewellery inventory86.614.447.8-45Technology:82.978.681.7-2- Electronics69.165.868.6-1- Other industrial11.610.811.1-5- Dentistry2.22.12.0-7Investment:364.8477.5537.247- Total bar and coin:270.1307.0315.517of which bars198.8243.3237.119of which official coins31.638.931.71of which medals39.824.846.717- ETFs/similar products94.7170.5221.7134Central banks/institutions199.5172.0219.910Gold demand1,193.81,083.81,257.95OTC and other82.2143.155.2-33LBMA gold price ($/oz)2,474.33,280.43,456.540 *Source: Metals Focus, ICE Benchmark Administration, World Gold Council. Ad Break Coming Up NEXT StayNext OffEnglish 180p288p360p480p540p576p720pHD1080pHDAuto (180p) About ConnatixV2127676363 About ConnatixV2127676363 Continue watchingafter the adVisit Advertiser websiteGO TO PAGE Reporting by Polina Devitt; Editing by Ronojoy Mazumdar Purchase Licensing Rights
