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As on : 30-Oct-2025
Other Markets - Bullion Markets
30-Oct-2025     14:22

Gold drops below $3980; stays resilient as central banks boost record Q3 buying

Gold futures edged below $3980 per ounce in Asian trades on Thursday, but the metal's fundamentals remain exceptionally strong, according to the World Gold Council. The WGC's latest Gold Demand Trends report showed total global demand, including OTC investment and stock changes, rising 3% year-on-year to 1,313 tonnes ' the highest quarterly level ever recorded. In value terms, demand soared 44% to $146 billion, underscoring gold's enduring appeal. Central banks continued to anchor demand with 220 tonnes of net purchases in Q3, up 28% from Q2. The WGC said geopolitical tensions, a softer dollar, and safe-haven flows keep gold well-supported. On MCX, December futures eased 0.3% to ₹120350 per 10 grams.

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