Gold purchases surged in Iran during the second quarter of the year, marked by the country’s 12-day conflict with Israel, the World Gold Council says in a report.
Despite high prices, the overall volume of gold sales rose 20 percent compared to the same period last year, the council says, adding that demand for gold coins and bars is now at its highest level in six years.
Even as worldwide demand for gold coins and bars fell off by six percent in the second quarter over the previous three months, Iranians kept stocking up on earrings, pendants and other types of bling, the report says.
“Iran was the outlier -– consumers bought gold jewelry as a proxy investment, pushing demand in the quarter up 12 percent year on year,” says council analyst Louise Street.
Your next read: ToI Editors' Picks
LIMITED TIME OFFER: Join The Times of Israel Community today and you'll receive a physical book of your choice, carefully curated by our editors.
Choose between two must-reads: When We See You Again by Rachel Goldberg-Polin, a searing portrait of a mother’s grief and strength following unthinkable tragedy;
Or Out of the Sky: Heroism and Rebirth in Nazi Europe by Matti Friedman, the gripping and surprising tale of a forgotten moment during World War II.
As a Community member, you’ll also enjoy our DocuNation series of outstanding Israeli documentary films, an ad-free experience of our site and podcasts, commenting privileges, and more.
CHOOSE YOUR BOOK
CHOOSE YOUR BOOK
Already a member? Sign in to stop seeing this
You're a dedicated reader
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Join Our Community
Join Our Community
Already a member? Sign in to stop seeing this
From the Liveblog of
Thursday, July 31, 2025
Add ToI as a Preferred Source on Google
