According to the ‘Global Gold Demand Trends Report’ for Q3 2025 released by the World Gold Council on October 30, despite record-high gold prices, central banks worldwide accelerated their gold purchases in Q3, with net purchases totaling 220 tons, representing a 28% increase from Q2 and a 10% year-on-year growth. Overall, in the first three quarters, global central banks’ net gold purchases reached 634 tons, which, although lower than the exceptionally high levels of the past three years, remained significantly above the average prior to 2022.
