Mumbai, Nov. 4 -- World Gold Council or WGC stated in its latest Gold Demand Trends update that total Q3 gold demand, including OTC, was 1% lower y/y at 1,369 tonnes (t). On a y-t-d basis, demand of 3,881t virtually matches the 2025 record (3,884t), while value set a record of US$566 billion (bn). Central bank buying jumped to 321t in Q3, eclipsing recent typical quarterly buying levels and lifting y-t-d demand to 675t (+6% y/y).
Gold ETFs reversed course following the Q2 outflows, adding 211t in Q3. The inflow seemed to be driven by mounting concerns over fiscal sustainability and inflation, among other things. Bar and coin investors were more circumspect; global demand was 19% lower y/y at 268t as investors waited for a clearer price tre...