File Photo: Gold bars. AFP
Gold exchange-traded funds (ETFs) increased holdings in May for the third month in a row, according to the report.
Global ETFs inflows rose to $1 billion in May, with holdings amounting to 3,478 tons.
Assets under management recorded $220 billion in May, a 0.4 percent drop compared to April due to declining prices.
Meanwhile, Central banks' official gold reserves declined by 71 tons in April mainly due to Turkey's selling of 81 tons on its domestic market to meet surging local demand, according to the report.
On Wednesday, gold spot edged lower by 0.16 percent to record $1,960.3 per ounce.