top of page

Gold Demand Trends Q3 2024: Record-Breaking Growth

Gold demand surged in the third quarter of 2024, setting a record with total demand (including over-the-counter, or OTC, investment) reaching 1,313 tonnes—a 5% increase year-over-year. This strength pushed gold’s value to new highs, exceeding $100 billion for the first time, marking a 35% jump in value.


The main driver of this growth was strong inflows into global gold ETFs, which added 95 tonnes, a sharp reversal from the significant outflows seen in Q3 2023. In contrast, bar and coin investment slipped by 9%, with declines in key markets balanced by high demand in India. Gold jewelry consumption also dropped by 12% in quantity, but its value rose 13% to over $36 billion due to higher spending per unit.


Central banks slowed their buying pace, adding 186 tonnes, though year-to-date purchases remain robust and on par with last year’s strong levels. Gold in technology showed a modest increase, supported by AI applications, growing 7% year-over-year.


Overall, Q3 highlighted gold’s resilient demand and value growth amid varied global economic conditions, solidifying its position as a critical asset for investors and central banks alike.


Sources:



Recent Posts

See All

Comments


  • Facebook
  • Twitter
  • LinkedIn
  • YouTube

Copyright © 2025 C3 Bullion - All Rights Reserved.

 CONFIDENTIAL - Any securities represented on our website are being offered outside the United States to non-U.S. persons in offshore transactions in reliance on Regulation S (“Regulation S”) (the “International Offering”) or inside the United States in reliance on Regulation D (“Regulation D”) (the “Accredited Investor Offering”). Any securities or shares being offered have not been registered under THE SECURITIES ACT OF 1933, AS AMENDED (THE ‘SECURITIES ACT”), or the securities law of any state, and are being offered and sold in reliance on exemptions from the registration requirements of the SECURITIES ACT and such laws. Any securities of shares have not been approved or disapproved by the SECURITIES AND EXCHANGE COMMISSION OF THE UNITED STATES (THE “SEC”), ANY STATE SECURITIES COMMISSION, or other regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of our offerings or the accuracy or adequacy of our documents, filings or memorandums.  Any representation to the contrary is unlawful.

FAQ  |  Privacy Policy

Thank you

bottom of page