

Gold investment demand across sectors was expected to remain firm, underpinned by anticipated US Federal Reserve rate cuts, the prospect of a weaker US dollar and the reduced appeal of bonds as risk premiums rise, the WGC said.
Globally, investors have increased allocations to gold exchange-traded funds, adding 801 tonnes over 2025. Physical gold demand also remained robust, reaching US$154 billion in value and 1,374 tonnes in volume.
China and India led retail investment demand. Purchases of gold bars and coins rose 28 per cent year-on-year in China and 17 per cent in India, with the two markets accounting for more than half of global demand in that segment, the WGC said.
The impact of gold price increases on jewellery demand typically moderated after several quarters, he said, although Chinese consumers remained able to afford products.