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GOLD DROPS BELOW $3980; STAYS RESILIENT AS CENTRAL BANKS BOOST RECORD Q3 BUYING

Published on Oct 30, 2025 14:22

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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