In the third quarter, total world gold demand fell by 1% last year to 1,369 tons. Central banks and other official institutions increased net reserves by 321 tonnes in the third quarter (+42% last year), the highest quarterly figure since the fourth quarter of 2024, while portfolio diversification and risk management remained the main drivers of demand. So far, the purchases amounted to 675 tons (+6% last year). Inflows into gold ETFs resumed in the third quarter.

In the third quarter, total world gold demand fell by 1% last year to 1,369 tons. Central banks and other official institutions increased net reserves by 321 tonnes in the third quarter (+42% last year), the highest quarterly figure since the fourth quarter of 2024, while portfolio diversification and risk management remained the main drivers of demand. So far, the purchases amounted to 675 tons (+6% last year). Inflows into gold ETFs resumed in the third quarter.