New Delhi, Feb. 5 -- The World Gold Council's Q4 and Full Year 2024 Gold Demand Trends report has revealed that total global gold demand, including over-the-counter (OTC) transactions, reached a record high of 4,974 tonnes in 2024.

This surge was driven primarily by strong central bank purchases and increased investment demand. The combination of record-breaking gold prices and high volumes resulted in an all-time high total value of demand, reaching USD 382 billion.

Sachin Jain, Regional CEO, India, World Gold Council, said, "Our outlook for 2025 gold demand is between 700-800 tonnes. It is expected that gold jewellery demand will recover due to wedding-related purchases, provided there is some level of price stability. Additionally, i...