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Central Banks Buy 321 Tonnes Of Gold In Q3 2026; Purchases Rise 6% In First 9 Months
Sentiment: NeutralHigh Priority
What Happened?
In Q3 2026, central banks purchased 321 tonnes of gold, a 6% increase year-on-year, bringing total purchases for the first nine months to 675 tonnes. This reflects a strong demand despite high prices affecting other gold consumption.
Key points
- Central banks' gold purchases in Q3 2026 exceeded recent quarterly levels.
- Total gold demand in Q3 2026 declined 1% year-on-year to 1,369 tonnes.
- Gold ETF investments rose by 211 tonnes in Q3 2026.
- Jewellery demand fell 17% year-on-year to 313 tonnes in Q3 2026.
- Global gold mine production reached a record 1,071 tonnes in Q3 2026.
Key insights
- Central bank demand may continue to support gold prices despite challenges in other sectors.
- The decline in jewellery demand could affect overall market dynamics and pricing strategies.
- Increased ETF investments suggest a growing preference for financial gold products over physical gold.
Why it matters
The increase in central bank gold purchases could indicate a shift in reserve management strategies amid high market prices.
Source
Times Now
