Chart Gallery

 

Chart 1: Gold demand buoyed by strong Q1 ETF inflows

Quarterly gold demand by sector in volume, tonnes, and value, US$bn

Chart 1: Gold demand buoyed by strong Q1 ETF inflows

Chart 1: Gold demand buoyed by strong Q1 ETF inflows
Quarterly gold demand by sector in volume, tonnes, and value, US$bn
*Data to 31 March 2025. Source: ICE Benchmark Administration, Metals Focus, World Gold Council

Sources: ICE Benchmark Administration, Metals Focus, World Gold Council; Disclaimer

*Data to 31 March 2025.

 

Chart 2:

GDT Q1 2025: Outlook Chart 1

*Data to 31 March 2025 Source: Metals Focus, World Gold Council

Sources: Metals Focus, World Gold Council; Disclaimer

*Data to 31 March 2025

 

Chart 3: Gold has continued to set successive new records so far in 2025… 

Daily gold price, US$/oz

Gold has continued to set successive new records so far in 2025…

Gold has continued to set successive new records so far in 2025…
Daily gold price, US$/oz
*Data to 31 March 2025. Source: ICE Benchmark Administration, World Gold Council

Sources: ICE Benchmark Administration, World Gold Council; Disclaimer

*Data to 31 March 2025. 

 

Chart 4: Record gold price subdues gold jewellery volume but boosts value

Quarterly gold jewellery demand in volume, tonnes, and value, US$bn

Record gold price subdues gold jewellery volume but boosts value

Record gold price subdues gold jewellery volume but boosts value
Quarterly gold jewellery demand in volume, tonnes, and value, US$bn
*Data to 31 March 2025 Source: Metals Focus, ICE Benchmark Administration, World Gold Council

Sources: Metals Focus, ICE Benchmark Administration, World Gold Council; Disclaimer

*Data to 31 March 2025

 

Chart 5: Q1 saw a broad-based surge in ETF inflows 

Subtitle

GDT Q1 2025: Investment Chart 1

*Data as of March 31 2025.
Source: Bloomberg, Company Filings, ICE Benchmark Administration, World Gold Council

 

Chart 6: [Title text]

Chinese quarterly gold bar and coin demand in volume, tonnes, and value, U

GDT Q1 2025: Investment Chart 2

*Data as at 31 March 2025 Source: Metals Focus, ICE Benchmark Administration, World Gold Council

Sources: Metals Focus, ICE Benchmark Administration, Refinitiv GFMS, World Gold Council; Disclaimer

*Data to 31 March 2025

 

Chart 7: Central bank gold demand remained healthy in Q1 2025

Quarterly central bank net purchases, tonnes*

Chart 7: Central bank gold demand remains healthy in Q1

Chart 7: Central bank gold demand remains healthy in Q1
Quarterly central bank net purchases, tonnes*
*Data to 31 March 2025. Source: Metals Focus, World Gold Council

Sources: Metals Focus, World Gold Council; Disclaimer

*Data to 31 March 2025.

 

Chart 8: The National Bank of Poland was the largest gold buyer in Q1 2025

Net purchases/sales by country, tonnes*

The National Bank of Poland was the largest gold buyer in Q1 2025

The National Bank of Poland was the largest gold buyer in Q1 2025
Net purchases and sales by country, tonnes*
*Data to 31 March 2025 where available at the time of writing. Note: chart includes only purchases/sales of 1t or more. SOFAZ represents the State Oil Fund of Azerbaijan (SOFAZ). Source: IMF IFS, respective central banks, World Gold Council

Sources: IMF IFS, respective central banks, World Gold Council; Disclaimer

*Data to 31 March 2025 where available at the time of writing. Note: chart includes only purchases/sales of 1t or more. SOFAZ represents the State Oil Fund of Azerbaijan (SOFAZ).

 

Chart 9: Global mine production reaches new Q1 record in 2025

Subtitle

Global mine production reaches new Q1 record in 2025

Global mine production reaches new Q1 record in 2025
*Data to 31 March 2025. Source: Metals Focus, World Gold Council

Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer

*Data to 31 March 2025.

 

Chart 10: Recycled gold volumes fell in Q1 despite the jump in gold prices

Quarterly supply of recycled gold by region, tonnes*

Recycled gold volumes fell in Q1 despite the jump in gold prices

Recycled gold volumes fell in Q1 despite the jump in gold prices
Quarterly supply of recycled gold by region, tonnes*

Sources: ICE Benchmark Administration, Metals Focus, World Gold Council; Disclaimer

*Data to 31 March 2025