World Gold Council: Global gold demand in Q1 reached 1,231 tonnes, a year-on-year increase of 2%. China's demand for gold bars and coins surged 67% year-on-year to 207 tonnes, setting a new quarterly record.

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On April 29, the World Gold Council's Q1 2026 "Global Gold Demand Trends Report" showed that total global gold demand (including over-the-counter transactions) reached 1,231 tonnes in Q1, a year-on-year increase of 2%. Although the increase in gold demand volume was moderate, the total demand amount soared to a record $193 billion, a significant 74% year-on-year surge. The strong performance of gold prices and rising safe-haven demand drove global investment in gold bars and coins up 42% year-on-year to 474 tonnes, continuing to drive structural changes in the global gold demand landscape. China's demand for gold bars and coins surged 67% year-on-year to 207 tonnes, setting a new quarterly high. Demand for gold bars and coins also heated up in other Asian markets such as India, South Korea, and Japan. The US and European markets also saw strong growth in gold bar and coin demand, rising 14% and 50% year-on-year, respectively.