11:51 - 6.02.2025

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February 6, Fineko/abc.az. The demand for gold increased by 1% year-on-year in the 4th quarter, reaching a new quarterly record and contributing to a record annual total of 4,974 tons. Central banks continued to actively buy gold, exceeding 1,000 tons for the third year in a row, with a sharp increase to 333 tons in the 4th quarter, ABC.AZ reports, referring to the World Gold Council.

Annual investments reached a four-year high of 1,180 tons, an increase of 25%. Gold ETFs had a significant impact: 2024 was the first year since 2020 when assets remained virtually unchanged, in contrast to the strong outflows in the previous three years.

The annual demand for bullion and coins remained at the level of 2023 - 1,186 tons, but shifted towards increased investment in bullions with a decrease in coin purchases.