Gold ETF Flows: December 2025

World Gold Council1.1K FollowersFollow5ShareSavePlay(11min)CommentsSummaryGlobal gold ETFs witnessed the strongest year of inflows on record in 2025, led by North America.Gold ETFs’ total AUM more than doubled in 2025 and holdings also rose significantly, both reaching record highs.Gold market trading volumes remained stable in December, concluding 2025 with a record of US$361bn/day. style-photography/iStock via Getty Images 2025 in review As the gold price shattered records 53 times in 2025, global investors poured unprecedented capital into physically backed gold ETFs1 (Chart 1). Annual inflows surged to US$89bn, the largest on recordThis article was written byWorld Gold Council1.1K FollowersFollowThe World Gold Council is the market development organization for the gold industry. Our purpose is to stimulate and sustain demand for gold, provide industry leadership, and be the global authority on the gold market. We are a unique organization that delivers tangible benefits to the gold industry. We are an active force within the market, working with a large and diverse set of partners to create access, drive innovation and stimulate demand, while providing a collective voice for our members. We provide insights into the international gold markets, helping people to understand the investment qualities of gold and its role in meeting the social and environmental needs of society. For more information visit www.gold.org.