Company: GROY-WT
Filing Date: 2025-05-08
Form Type: 6-K
Source: 0001641172-25-009118
Chunk: 0

Company: Gold Royalty Corp.
Filing Date: 2025-05-08
Form: 6-K
Chunk 0
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<div align='center'>UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

For the month of May 2025

Commission File Number 001-40099

GOLD ROYALTY CORP.

(Registrant’s name)

1188 West Georgia Street, Suite 1830

Vancouver, BC V6E 4A2

(604) 396-3066

(Address of principal executive offices)</div>

Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F:

| Form 20-F ☒ |     | Form 40-F ☐ |

<div align='center'>SIGNATURES</div>

Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

| Date: May 7, 2025 | GOLD ROYALTY CORP. 
 By:                | /s/ Andrew Gubbels      |
|:------------------|:-------------------|:------------------------|
|                   | Name:              | Andrew Gubbels          |
|                   | Title:             | Chief Financial Officer |

<div align='center'>EXHIBIT INDEX</div>