WGC: Gold Demand Hits All-Time High in 2025
Demand for the precious yellow metal reached an all-time high last year, with Asia being a major contributor, according to a report by the World Gold Council.
Total gold demand reached an all-time high of 5,002 tons in 2025, according to a report by the World Gold Council (WGC), up 0.8 percent year-on-year.
Global investment demand was the main driver, contributing 2,175 tons for the year, with gold exchange-traded funds accounting for 801 tons.
Asia: Major Contributor
By region, Asia was a major contributor of gold demand across the board with funds in the region ranked in second place, with $25 billion of inflows – equivalent to 215 tons – and a 97 percent increase in collective holdings.
China and India saw gold bar and coin demand rise 28 percent and 17 percent, respectively, making up 50 percent of total demand in the category. Investor demand in Singapore climbed 48 percent to a record 9.6 tons, while Indonesia, Malaysia and Thailand all posted double-digit growth to multi-year highs.
«Gold prices have gained strong momentum and reached record highs amid investor repositioning, persistent geopolitical uncertainty and sustained demand for portfolio resilience. We believe gold’s safe-haven and diversification attributes will continue to attract investor interest as we move into 2026,» commented Shaokai Fan, head of Asia-Pacific (ex-China) and global head of central banks at WGC.
