METALS GOLD

RESEARCH DESK

Evidence before opinion.

A concise reading room for precious metals: dated context, practical questions and direct primary sources.

01 / DEMAND

Separate the
sources of demand.

A move in gold is rarely explained by one buyer group.

The World Gold Council published its Q3 2026 Gold Demand Trends on 3 November 2026. It reports total quarterly demand of 1,369 tonnes and central-bank purchases of 321 tonnes. These are quarterly observations, not a price forecast.

Read investment flows alongside jewellery and technology demand. Changes in tonnes and changes in spending can move in different directions when the price changes.

Read the original WGC report →

02 / PHYSICAL MARKET

A quote has more than one dimension.

Metal & fineness

Confirm the gross weight and fine metal content. A product’s gross weight is not always its fine gold weight.

Form & location

Minted bars, cast bars and coins serve different users. Delivery location and availability can affect the commercial quote.

Terms & custody

Ask about premiums, fees, settlement and the legal basis for storage. Compare like with like.

Context: MKS PAMP’s published trading overview [S02]; StoneX’s precious metals overview [S04]. No indicative dealing prices are reproduced.

03 / QUALITY

Read the standard. Ask for the evidence.

LBMA maintains Good Delivery resources for the wholesale bullion market. A quality standard does not replace due diligence on a seller or a custody arrangement.

Open the quality & sourcing guide →

PRIMARY SOURCE LEDGER

Go straight to the source.

Reviewed 14 November 2026. Undated pages may change. Company statements are attributed to their publishers; inclusion does not imply an endorsement or relationship.

S01 · Undated; reviewed 14 Nov 2026

MKS PAMP: About Us →

Precious metals sourcing, refining and physical/financial trading.

S02 · Undated; reviewed 14 Nov 2026

MKS PAMP: Trading →

Product forms, quality/location swaps and market access.

S06 · Undated; reviewed 14 Nov 2026

Pallion: About →

Integrated Australian precious metals value chain.