Data to September 2026 where available. Central bank demand presented here comprises consist solely of publicly reported ...
Gold ETF demand has been particularly notable. Strong Q3 inflows came despite sharply higher bond yields, a stronger US dollar and a decline in the Geopolitical Risk Index. This suggests that fiscal ...
Indian gold demand strengthened from Q2, but high prices constrained volumes: Q3 demand rose 24% q/q to 162t but remained 29% lower y/y and 12% lower y-t-d. Spending was more resilient, rising 3% y/y ...
Central banks and other official institutions added a net 321t to reserves in Q3, up 42% year-on-year and the highest quarterly total since Q4 2024, with portfolio diversification and risk management ...
Global gold jewellery consumption fell 17% y/y to 313t, the weakest third quarter in our data series back to 2000 The value of Q3 demand, meanwhile, edged 2% higher y/y to US$43bn, with y-t-d value up ...
Investment demand remained healthy in Q3 despite falling y/y from the elevated level seen in Q3’25. Physically-backed gold ETFs added 211t as broad-based inflows lifted global holdings to a record ...
Central bank demand reached 321t in Q3, well above the five-year quarterly average 1 Reported Q3 buying of 120t remained highly concentrated, led by China and Poland 2 Y-t-d purchases total 675t, 6% ...
Total supply edged lower despite record third-quarter mine production, as weaker recycling and continued producer de-hedging more than offset the rise in mined output Q3 mine production increased by 3 ...
Gold demand in the electronics sector rose 5% y/y to 72t during Q3. Strong AI-related investment in servers, data centres and high-performance computing offset continued weakness in mainstream ...
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