Two pie charts comparing the share of global gold demand by sector in Q1 2024 and Q1 2025. In Q1 2024, Jewelry led with 48%, followed by Investment (27%), Central banks (18%), and Technology (7%). In Q1 2025, Investment rose sharply to 42%, Jewelry declined to 33%, Central banks fell slightly to 19%, and Technology dropped to 6%. The charts highlight a shift from consumer to investor-led gold demand.