According to the World Gold Council, in the fourth quarter of 2025, global investment demand for gold was 595 tons, of which global demand for gold bars and coins was 420 tons and global demand for gold ETFs was 175 tons. For the whole year, global investment demand for gold was 2,175 tons, a significant increase of 84% year-on-year. Of this, global demand for gold bars and coins was 1,374 tons, an increase of 16% year-on-year, and global demand for gold ETFs increased by a net 801 tons for the whole year.
