31.07.2025 15:59
Global gold demand increased by 3% in the second quarter of the year, reaching 1,249 tons, while the value of demand rose by 45%, setting a record at $132 billion. The search for safe havens among investors has heightened interest in gold, leading to a 78% growth in gold investments.
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Global gold demand increased by 3% in the second quarter of 2024, reaching 1249 tons. According to the World Gold Council's data, the value of this demand also broke a record, rising by 45% to reach 132 billion dollars.
GOLD DEMAND INCREASED BY 78%
The search for safe havens against geopolitical risks has increased interest in gold. While investments in exchange-traded funds and bullion-coin purchases have stood out, gold investments grew by 78% compared to last year. Despite central banks slowing their purchases, 166 tons of gold were added in the second quarter. The vast majority of banks expect purchases to continue over the next 12 months.
JEWELRY DEMAND DECREASED
On the other hand, the decline in jewelry demand has drawn attention. In China, there was a 20% decrease year-on-year, while in India, it was a 17% decline. As total consumption volume fell to pandemic levels, the market reached 36 billion dollars in value. In the first half of the year, gold prices increased by 26% in dollar terms. Experts suggest that if economic uncertainties persist, the allure of gold as a safe haven will continue to strengthen.
GOLD OUTPERFORMED OTHER ASSETS
Street noted that the strong investment activity seen in the first half of this year highlighted gold's role as a hedge against economic and geopolitical risks, stating, "Ongoing market fluctuations, combined with gold's impressive price performance in recent months, have created significant momentum and attracted capital from investors worldwide. Gold recorded a remarkable value increase of 26% in dollar terms in the first half of the year, outperforming many major asset classes. With such an impressive start to the year, it is possible that gold will trade within a relatively narrow range in the second half of 2025."
GOLD PRICES MAY RISE
Street also mentioned that the macroeconomic environment remains quite unpredictable, and this could support further appreciation of gold, adding that any significant deterioration in global economic or geopolitical conditions could further enhance gold's safe haven appeal and drive prices up.
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