Global Gold Demand Hits Record 5,000 Tonnes in 2025, Driven by Investment Surge

• Global gold demand reached an all-time high of 5,002 tonnes in 2025, up from 4,961.9 tonnes in the previous year, according to the World Gold Council (WGC).
• Investment demand surged by 84% to 2,175.3 tonnes, primarily due to safe-haven and diversification factors amidst geopolitical and geoeconomic risks, US dollar weakness, and expectations of lower interest rates.
• Central banks continued to be significant buyers, adding 863 tonnes of gold in 2025, with the National Bank of Poland being the largest buyer for the second consecutive year.
• Despite an 18% decline in volume, the total value of global jewellery demand increased by 18% to USD 172 billion, indicating sustained consumer interest even at higher prices.
• Total gold supply also set a new record, with mine production rising to 3,672 tonnes and recycling seeing a modest 3% increase.

Why It Matters: Global gold demand soared to a record 5,002 tonnes in 2025, fueled by strong investment and central bank buying.