Total Q1 gold demand, including OTC, was 2% higher y/y at 1,231t.
Geopolitical factors are expected to remain front and centre in driving gold demand for 2026 and beyond.
Spending on gold jewellery soared even as record-high gold prices translated to lower fine-weight purchases.
Central bank interest in gold remained strong in Q1, despite an uptick in sales.
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Bar and coin buying drove Q1 demand
Global demand hit a new record high value
Total Q1 gold demand, including OTC, was 2% higher y/y at 1,231t. This modest growth in volumes combined with gold’s exceptional price rise, generated a
