Gold price at record high: This is how global gold demand is booming!

Gold price at record high: This is how global gold demand is booming!

London, Vereinigtes Königreich - Gold prices reach new highs in 2025 and make headlines worldwide! With a price of over $ 2,861, more than ever in the spotlight. The increase in demand is dramatic: According to the World Gold Council (WGC), global demand in 2023 rose to an incredible 4,898.8 tons, an increase of 3.1 percent compared to the previous year!

The significant increase in the OTC shops, which increased by an incredible 752.3 percent, is particularly remarkable. These are transactions outside of regulated stock exchanges that are mainly driven by Asian and Arab investors. This form of trade enables large amounts of gold discreet, often also in other currencies or raw materials than the US dollar, which is due to current geopolitical and economic uncertainties. The demand for gold jewelry and industrial applications, however, fell, which shows that despite the record increase in certain areas, the overall structure of the demand data is mixed, as [Gold.de] reports.

gold purchases of the central banks remain strong

While demand in jewelry and industrial sector is falling, the central banks show an unbroken interest in gold. In total, these bought this 1,037.4 tons of gold in 2023, only slightly declining compared to the record year 2022. The largest buyers include states with authoritarian governments and emerging countries. Poland particularly stands out, perhaps because of the proximity to the conflict between Russia and Ukraine. This is an indication of the strategic importance of gold in uncertain times, as also reports [oe24.at]. The data clearly show the ongoing trend that central banks continue to intervene in the gold market as a network buyer.

Overall, the current developments in the gold market illustrate a complex situation full of uncertainties and opportunities, while the price rises from ashes like a phoenix! The persistently high demand in specific sectors means that gold continues to be a safe system.

Details
Ort	London, Vereinigtes Königreich
Quellen	www.oe24.at www.gold.de