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The World Gold Council reported that global wholesale demand for gold (inclusive of OTC investment) stood at 1,249 tons in Q2'25, representing an increase of 3% year-over-year (y-o-y). The increase in wholesale demand was led by gold held for investment purposes, which climbed by 78% y-o-y to nearly 477 tons during the quarter. The spot price of gold stood at $3,289.93 per ounce at the close of trading on 7/31/25, up 34.41% y-o-y, according to data from Bloomberg.
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Posted on Friday, August 1, 2025 @ 10:33 AM
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