Skip to contentHome page Seeking Alpha - Power to InvestorsNov. 19, 2025 6:15 AM ETSPDR® Gold Shares ETF (GLD), IAU, GLDM, SGOL, BAR, IAUM, OUNZ, AAAU, XAUUSD:CURDBP, GLTR, JJP, GLD, IAU, BAR, SGOL, OUNZ, GLDI, GLDM, AAAU, BGLD, IGLD, GBUG, IAUM, PHYS, XAUUSD:CURWorld Gold Council1.04K FollowersCommentsSummaryGold capped further gains in October.Wholesale gold demand defied seasonal patterns, rising both m/m and y/y to 124t in October.The recent Chinese gold market value-added tax (VAT) change is likely to put pressure on local gold jewellery demand as the sector is impacted by additional tax.Petmal/iStock via Getty ImagesHighlightsGold capped further gains in October. The LBMA Gold Price PM and the Shanghai Benchmark Gold Price PM (SHAUPM) rose 4.9% and 5.5%, respectively, in the monthWholesale gold demand defied seasonal patterns, rising bothThis article was written byWorld Gold Council1.04K FollowersThe 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.CommentsRecommended For YouTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.