The World Gold Council reported that global demand for gold (including OTC investment) totaled 1,369 metric tons in Q3’26, down just 1% from 1,383 metric tons in Q3’25. Purchases by central banks and other institutions increased by 42% year-over-year (y-o-y) to just over 321 metric tons during the quarter. The spot price of gold stood at $3,946.33 per troy ounce as of November 2, 2026, down 1.41% y-o-y, according to data from Bloomberg.