Global gold demand hits record high in 2025

Total demand for gold exceeded 5,000 tons for the first time on record

Global demand for gold reached an all-time high last year, alongside strong gains in the precious metal as investors flocked to safe-haven assets.

According to data released by the World Gold Council on Thursday, total demand for the metal exceeded 5,000 tons for the first time on record, rising by about 1%.

Holdings of gold-backed exchange-traded funds increased by 801 tons globally, marking the second-strongest annual performance on record, while central bank purchases totaled 863 tons in 2025.

Demand for bars and coins also climbed to its highest level in 12 years. By contrast, jewelry demand declined across all major markets, reflecting the impact of higher prices.

The World Gold Council expects gold demand to remain strong this year and its appeal as an effective hedge to persist, supported by lower interest rates, uncertainty in bond markets, and ongoing geopolitical risks.