New Delhi, Aug. 29 -- Record gold prices outpaced rising mining costs in Q1'26, generating unprecedented margins and cash flows for producers despite persistent inflationary pressures and regional geopolitical disruptions, according to a report by the World Gold Council (WGC).

Global average gold producer All-In Sustaining Costs (AISC) rose by 5 per cent quarter-on-quarter and 16 per cent year-on-year to USD 1,785 per ounce during the first quarter of 2026. The period marked the 28th consecutive year-on-year increase in AISC for the gold mining sector.

The report highlighted that escalating royalty payments served as the primary cost driver for the quarter. Spot gold prices touched historic highs, momentarily reaching USD 5,595 per ounc...