The World Gold Council’s (WGC’s) ‘Gold Demand Trends’ report for the third quarter has revealed that total gold demand was 1% lower year-on-year at 1 369 t. The gold price averaged $4 262/oz for the quarter, while the value of demand rose by 22% year-on-year to $188-billion. Central banks and other official institutions added a net 321 t to reserves in the quarter, up 42% year-on-year and the highest quarterly total since the fourth quarter of 2024, with portfolio diversification and risk management remaining the primary demand drivers.
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03Nov2026
