According to the World Gold Council, global gold demand hit 4,448 tonnes, with total including OTC reaching a new high of 4,899 tonnes! Central banks added a whopping 1,037 tonnes to their vaults, making 2023 the second highest year for gold purchases. 

Thailand shines bright, leading ASEAN with a 9% jump in gold demand to 42.1 tonnes, mainly in gold bars and coins.  Moreover, Thailand secured the 7th spot globally in central bank gold purchases over the last 5 years, accumulating 90 tonnes. 

China, Turkey, and Poland lead the gold race, showcasing the enduring appeal of this precious metal.