Mumbai, May 30 -- Global gold demand soared to a first-quarter record in 2025, fuelled by a sharp rebound in ETF inflows and continued buying by central banks, even as total demand eased slightly from last year, according to Motilal Oswal Private Wealth.

The rally came amid rising geopolitical tensions, trade disputes, and a weakening US dollar, sending gold prices to historic highs, The Economic Times reported, citing a press release by Motillal Oswal.

While total supply rose modestly, the overall market value surged as elevated prices drove a shift in investor behaviour.

Central banks remained aggressive buyers, adding 244 tonnes to their reserves in Q1 2025.

Much of this came from emerging economies, signalling sustained confidence...