World Gold Council: Global gold demand in Q1 reached its highest level of any quarter since 2016.

The World Gold Council stated on Wednesday that global gold demand in the first quarter of 2025 increased by 1% year-on-year to 1,206 tons, the highest level since 2016. The inflow of funds into gold ETFs significantly rebounded, driving total investment demand to increase to 552 tons, a 170% increase year-on-year, the highest level since the first quarter of 2022. Demand for gold bars and coins remained high at 325 tons, 15% higher than the five-year quarterly average. Global gold jewelry demand decreased by 21% to 380.3 tons, the lowest level since the pandemic in 2020. Another major source of gold demand, purchases by central banks in the first quarter, decreased by 21% to 243.7 tons.