AI Summary
Gold bars
The World Gold Council (WGC) said in a recent report that purchases of gold bars and coins in Saudi Arabia declined to 3.4 tons in the second quarter of 2025, marking a 19% decline compared to the same quarter in 2024.
The decline follows two consecutive quarters of growth in gold bar and coin purchases in the Kingdom, with a quarter-on-quarter drop of 23%, as shown in the following table:
|
Purchases of Gold Bard |
||
|
Period |
Weight (tons) |
Change |
|
Q1 2024 |
3.8 |
-- |
|
Q2 |
4.2 |
+11% |
|
Q3 |
3.2 |
(24%) |
|
Q4 |
3.7 |
+16% |
|
Q1 2025 |
4.4 |
+19% |
|
Q2 |
3.4 |
(23%) |
In 2024, Saudi Arabia’s purchases of gold bars and coins have hit their highest levels since 2014.
|
Evolution of Gold Bar, Coin Purchases in Saudi Arabia: |
||
|
Period |
Weight (Tons) |
Change |
|
2010 |
14.55 |
-- |
|
2011 |
17.71 |
22% |
|
2012 |
16.93 |
(4%) |
|
2013 |
18.30 |
8% |
|
2014 |
15.65 |
(14%) |
|
2015 |
14.92 |
(5%) |
|
2016 |
10.81 |
(28%) |
|
2017 |
9.93 |
(8%) |
|
2018 |
10.18 |
3% |
|
2019 |
8.84 |
(13%) |
|
2020 |
8.40 |
(5%) |
|
2021 |
10.90 |
30% |
|
2022 |
12.20 |
12% |
|
2023 |
14.13 |
16% |
|
2024 |
15.37 |
9% |
According to the report, global purchases of gold bars and coins reached 306.8 tons in the second quarter of 2025, representing an 11% increase compared to 275.2 tons in Q2 2024.
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