Global gold demand hits highest Q1 level since 2016
Global gold demand rose 1% year-on-year in the first quarter of 2025, reaching 1,206 metric tons—the highest Q1 total since 2016, according to the latest report from the World Gold Council.
During the same period, central banks around the world purchased 244 metric tons of gold. While this figure is lower than in the previous quarter, it remains within the average quarterly range observed over the past three years, News.Az reports, citing foreign media.
A sharp resurgence in inflows into gold-backed exchange-traded funds (ETFs) drove a more than twofold increase in total investment demand, which rose to 552 metric tons, or up 170% year-on-year, marking the highest level since the Q2 of 2022.
Demand for gold bars and coins reached 325 metric tons in the Q1, 15% above the five-year quarterly average. According to the Council’s data, China accounted for the majority of this growth.
Global gold mine production in the Q1 rose to a record-high 856 metric tons, while gold recycling declined by 1% year-on-year to 345.3 metric tons, as producers held back inventories in anticipation of further price increases.
However, amid record-high prices for the precious metal, demand for gold jewelry declined, with volumes reaching their lowest point since the slump in demand triggered by the pandemic in 2020.
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