Gold prices have risen 26% since the beginning of the year after reaching a record of 3,500 dollars for ounces in April.
Global demand for gold, including the over -The -Term Trade, compared to the second quarter of last year, rose 3% and cost 1,248.8 metric tons. Investments in precious metal grew by 75%. Reuters reported it on Thursday, July 31.
It was noted that sport prices for gold increased by 26% from the beginning of the year after reaching a record of 3,500 dollars for ounces in April, while uncertain world trade policy and geopolitical chaos contributed to the flow of funds to safe ownership.
Demand for gold ingot grew 21% in the second quarter, paid for a continuous collapse of demand for gold coins.
Central banks reduced their precious metal purchases by 21% to 166.5 tons in the second quarter.
In addition, global demand for gold jewelry, the main category of demand in individuals, fell 14% to 341 tons, which is the lowest level from the third quarter of 2020.
“A significant portion of this decline has fallen into China and India, with the total part of the market falling below 50%, the third time in the last five years,” said the World Gold Council.
Remember that in May 2025, central banks of various countries reformed their gold and foreign reserves for 20.5 tons of gold. The central bank of Kazakhstan, Turkey, Poland, China and the Czech Republic got the most gold.
As reported, gold became the second most popular owner in the international World Central Banks reserves in 2024, which exceeded the Euro.
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Source: korrespondent
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