The demand of gold for investment purposes amounted to approximately 552 metric tons in the first quarter of 2025. This was the purpose with the highest demand in that quarter, ahead of jewelry, technology and central banks. Gold as an investment – additional information Throughout history, gold has been desirable and in demand and has been characterized as a high-value commodity. When investing in any commodity, risk assessments need to be considered. Generally, gold is considered to be a safe investment. It becomes an attractive means of money allocation, especially in times of turmoil on the financial markets. Moreover, governments locate a big part of their assets in gold. The United States is the leading gold holding country worldwide, with gold reserves amounting to 8,133.5 metric tons. The demand for gold globally in 2024 was estimated at over 4,600 metric tons.

Worldwide gold demand amounted to ******* metric tons in 2024, an increase from ******* metric tons in the previous year. Furthermore, 2020 was the first time demand for gold was lower than ***** metric tons throughout the period considered, and the driving force behind that drop was the coronavirus pandemic. Gold supply The supply of gold depends largely on the mine production of gold. Production, in turn, depends on two factors. The countries with higher reserves of gold work harder to extract their gold when the price of gold increases, following the standard theory that the quantity supplied increases with price. Similarly, the expectation of higher prices in the future prompts speculators to explore for new reserves. As new lodes are discovered, the supply of gold increases. Investments in gold Gold is subject to cyclical volatility in its rate of return, and many investors speculate on its value. However, for historic reasons, many view it as a symbol of price stability. After World War II, the Bretton Woods system tied the price of all major currencies to the price of gold until the 1970s. This legacy means that most countries still maintain large gold reserves. While this can drive gold demand, it also reduces the supply of gold in circulation by locking huge amounts of gold in central bank vaults. Gold demand was noticeably higher following the Financial Crisis, until the coronavirus pandemic hit. Many investors look to gold in periods of market turmoil because they believe that it holds value through recessions better than other assets.

The jewelry industry accounted for a 43.68 percent share of global gold demand in 2024, which amounted to about 2,012 metric tons. Jewelry was the largest gold demanding industry worldwide in most recent years, although in 2020 it was the second after investment demand. What is gold used for? Gold is a transition metal that has characteristically bright yellow coloring. Besides its most famous use, in jewelry, it has many useful applications. Because it is a very efficient conductor that can carry tiny electrical charges, gold is found in cell phones and televisions. In 2024, gold used for technology accounted for around seven percent of global gold demand. It is also used in dentistry, as it is the best material for fillings and crowns since it is easy to insert. Gold used for investing was the second-largest demand sector in 2024, accounting for over one-quarter of global gold demand. Gold mining worldwide The world production of gold mines has increased steadily over the years since 2005. In 2005, about 2,470 metric tons of gold was produced. In 2024, about 3,300 metric tons were produced. That was a slight decrease in production compared to the previous three years. The countries that produced the most gold in 2024 were China, Russia, and Australia. China produced an estimated 380 metric tons, while Russia produced an estimated 310 metric tons and Australia's production trailed at an estimated 290 metric tons.

This dataset contains the details of the demand supply of gold in the world. The data is available in different categories such as Jewellery Fabrication, Technology, Investment, Central banks, Total Demand, Mine production, Net Producer Hedging, recycled Gold, and Total Supply.

In 2024, gold for jewelry fabrication accounted for ******* metric tons of the overall gold demand worldwide. Global gold demand for central banks that year amounted to about half that amount, at ***** metric tons. Gold demand worldwide Global gold demand for jewelry amounted to a decade-low volume of ***** metric tons in 2020. It increased in subsequent years to over ***** metric tons annually, which is within the average range of gold demand for jewelry that was witnessed during the past decade. That accounted for a ** percent share of the global gold demand. Jewelry fabrication was the largest demand sector for gold worldwide in each year over the past decade except for 2020, when gold demand for investments was the largest. China, the world's leading gold consuming nation, consumed ******* metric tons in 2022. Following typical global patterns, Chinese gold consumption was primarily for jewelry, consuming ****** metric tons of the country’s total gold consumption in 2022. Gold market factors The average price of gold has risen significantly over the last decades. In 1984, the price of gold was at ****** U.S. dollars per troy ounce and reached a record ******** U.S. dollars per troy ounce in 2024. About ***** metric tons of gold was produced in mines globally in 2024. China produced the majority of the global share of gold, mining *** metric tons in 2024. As China becomes a larger player in the gold industry, the gold market has started to shift eastwards as the regions there become more influential. Due to this movement, the strength of the U.S. dollar has also become less important in the fluctuations in gold prices. The United States nevertheless still holds the world’s largest reserves of gold, totaling ******** metric tons in 2024.

This dataset contains the details of the demand supply estimates of gold in India, which includes Gross Bullion imports, Gross Bullion imports (of which doré), Net bullion imports, Scrap, Domestic supply from other sources and Total supply

Note: 1. Domestic supply from other sources indicates supply from local mine production, recovery from imported copper concentrates and disinvestment. 2. Total supply indicates supply can be consumed across the three sectors – jewellery, investment and technology. Consequently, the total supply figure in the table will not add to jewellery plus investment demand for India.

According to Cognitive Market Research, The Global Gold Mining market size is USD 202515.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 3.80% from 2023 to 2030.

The demand for Gold Mining is rising due to the technological advancements in exploration and extraction and rising demand for gold in various industries.
Demand for Hardrock (LODE) mining remains higher in the Gold Mining market.
The Investment category held the highest Gold Mining market revenue share in 2023.
North American Gold Mining will continue to lead, whereas the Asia Pacific Gold Mining market will experience the most substantial growth until 2030.

How did COVID–19 impact the Gold Mining market?

The COVID-19 pandemic had a multifaceted impact on the Gold Mining market. Initially, the global economic uncertainty and financial market volatility triggered a surge in demand for gold as a safe-haven asset, driving up gold prices. However, the pandemic also disrupted mining operations worldwide due to lockdowns, supply chain interruptions, and workforce limitations. The implementation of social distancing measures and health protocols led to operational slowdowns and, in some cases, temporary halts in gold mining activities. Additionally, travel restrictions hindered exploration and development projects. Despite these challenges, the resilience of gold as a safe investment during uncertain times sustained market interest.

MARKET DYNAMICS: KEY DRIVERS

Global Economic Conditions and Gold Prices to Provide Viable Market Output

The Gold Mining market is significantly influenced by global economic conditions and the prevailing prices of gold. Economic uncertainties, geopolitical tensions, and inflation concerns often drive investors towards gold as a safe-haven asset. Consequently, higher demand for gold results in increased exploration, production, and investment in the gold mining sector. Fluctuations in gold prices directly impact the profitability of gold mining operations, influencing production decisions and exploration activities.

March 2023: Pan American Silver Corporation acquired all the issued and outstanding common shares of Yamana Gold Inc., as part of the arrangement, which includes its mines and increased the geographical operations of the company in Latin America.

Growing population with high income and demand for gold jewellery to propel market growth

Technological Advancements in Exploration to Propel Market Growth

One key driver in the Gold Mining market is the continuous advancement of technology in exploration methods. Innovative technologies, such as remote sensing, geophysical surveys, and advanced drilling techniques, enhance the efficiency and precision of gold exploration. These technological advancements not only contribute to the discovery of new gold deposits but also improve the accuracy of resource estimation. The integration of artificial intelligence and data analytics further enhances decision-making processes, allowing gold mining companies to optimize exploration efforts, reduce exploration risks, and maximize the discovery of economically viable gold reserves.

February 2023: Barrick Gold, the world's second-biggest gold producer, announced a 10% increase in attributable proved and probable gold mineral reserves to 76 million ounces net of depletion in 2022 while maintaining current reserves..

Environmental and Regulatory Challenges to Restrict Market Growth

Environmental and regulatory challenges emerge as significant restraints in the Gold Mining market. Stringent environmental regulations and increased scrutiny on the impact of mining activities on ecosystems pose hurdles for gold mining companies. Compliance with environmental standards necessitates sophisticated waste management and reclamation practices, adding operational complexities and costs. Additionally, securing permits for exploration and mining activities becomes a prolonged process, causing delays.

The Gold Mining market refers to the sector of the mining industry dedicated to the exploration, extraction, refining, and commercialization of gold. Gold mining involves various processes, from prospecting and geological assessments to the extraction of gold-bearing ores and the subsequent processing of extracted materials to obtain refined gold. Market is fuled by technological advancements in exploration and extraction and rising demand for gold ...

Gold Metals Market Outlook

The global gold metals market size was valued at approximately USD 245 billion in 2023 and is projected to reach USD 370 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5%. This growth trajectory is driven by several key factors, including increasing demand for gold as a safe-haven investment, the rising purchasing power in emerging economies, and the diversification of gold's applications across various industrial sectors. Gold's intrinsic properties, such as its malleability, conductivity, and corrosion resistance, make it indispensable not only for jewelry and adornment but also for a wide array of industrial applications. These multifaceted utilities continue to fuel the market's expansion across the globe.

One of the primary growth factors in the gold metals market is the continued perception of gold as a hedge against inflation and economic uncertainty. In times of economic instability or geopolitical tensions, investors flock to gold as a reliable store of value, driving up demand and prices. This sentiment has been particularly evident in the last few years, which have seen significant economic fluctuations worldwide. Furthermore, central banks around the world have been increasing their gold reserves as a means of diversifying their foreign exchange holdings, which further propels the demand in the market. As economies continue to navigate through post-pandemic recoveries alongside potential recessions, gold's allure as a financial safeguard remains robust.

Moreover, the cultural and traditional significance of gold in many regions, particularly in Asia-Pacific, remains a significant growth factor. In countries like India and China, gold is not just a commodity but a vital part of cultural practices, symbolizing wealth and prosperity. The demand for gold jewelry spikes during festivals and wedding seasons, contributing to sustained market growth. As the middle class in these regions continues to expand, their purchasing power also increases, leading to a higher consumption of gold for both personal use and investment purposes. Thus, cultural factors coupled with economic growth in emerging markets are substantial contributors to the overall expansion of the gold market.

Technological advancements and innovations in mining and refining processes have also played a crucial role in market growth. The development of more efficient extraction and processing techniques has increased the supply of gold, catering to the rising demand. Additionally, technological progress in electronics has expanded the application range of gold, especially with the miniaturization of electronic components, where gold's conductive properties are exceptionally valuable. This diversification into new applications, alongside traditional uses, is amplifying the demand for gold across various sectors.

From a regional perspective, the Asia Pacific region is the dominant player in the global gold market, accounting for a substantial portion of the total market share. This dominance is due to the significant consumption of gold in countries like China and India. North America also represents a considerable market share, driven by robust investment in gold and stable industrial demand. Meanwhile, Europe and the Middle East & Africa exhibit moderate growth, with investment and jewelry applications serving as key drivers. Each of these regions presents unique market dynamics, yet all contribute to the overarching growth trends observed in the global gold market.

Product Type Analysis

Bullion dominates the product type segment in the gold metals market, characterized by its pure form and high investment value. Investors ranging from individuals to large hedge funds favor bullion due to its direct correlation with gold prices and its ease of storage and transportation. Bullion is often seen as a primary means of storing wealth, particularly in times of economic uncertainty. The market for bullion is further driven by the increasing trend of central banks diversifying their reserves with gold purchases, enhancing its demand on a global scale. Furthermore, the online trading of bullion has gained traction, simplifying access for retail investors worldwide.

The coins segment, while smaller than bullion, holds significant importance due to its dual appeal as both an investment and a collectible. Gold coins often carry historical significance or aesthetic value, attracting collectors and investors alike. The market for coins is particularly strong in regions where gold ownership is culturally ingrained, such as in Asia-Pa

The size of the Gold Market was valued at USD 3.2 Trillion in 2023 and is projected to reach USD 4.5 Trillion by 2032, with an expected CAGR of 7.38% during the forecast period. It is one of the crucial financial assets with a liquid market, intrinsic value, and diversified uses in jewelry, electronics, and for investment purposes. Gold includes both the physical bullion and ETF markets. Mining and refining technological innovations enhance efficiency and sustainability.Gold provides economic stability and security of investments since it is durable, widely accepted, and one that diversifies portfolios. Hence, gold holds a very significant place both in consumer markets and financial systems through its support for industries ranging from luxury goods to technology. Recent developments include: March 2023: Pan American Silver Corporation acquired all the issued and outstanding common shares of Yamana Gold Inc., as part of the arrangement, which includes its mines and increased the geographical operations of the company in Latin America., February 2023: Barrick Gold, the world's second-biggest gold producer, announced a 10% increase in attributable proved and probable gold mineral reserves to 76 million ounces net of depletion in 2022 while maintaining current reserves.. Key drivers for this market are: Demand for Gold in the form of Jewelry and Long-term Savings, Increasing Consumption in High-End Electronics Applications; Other Drivers. Potential restraints include: Declining Ore Grades and Other Technical Challenges, Other Restraints. Notable trends are: Jewelry Segment to Dominate the Demand.

This statistic displays the demand for gold jewelry worldwide in Q2 2024, by region. In the second quarter of 2024, the global demand for gold jewelry totalled nearly *** tonnes. India was the country with the highest demand, at roughly *** tonnes, followed by China. Together the two countries accounted for nearly one half of the world's gold jewelry demand.

Gold Jewelry Market Outlook

In 2023, the global gold jewelry market size was valued at approximately USD 202 billion and is projected to reach around USD 318 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.3% over the forecast period. The growth of this market is primarily driven by rising consumer disposable incomes, increasing demand for luxury goods, and the cultural significance of gold jewelry in various parts of the world. These factors combined are expected to drive substantial growth in the gold jewelry market over the coming years.

One of the most significant growth factors in the gold jewelry market is the increasing disposable income of consumers worldwide. As economies grow, the middle class expands, and more individuals have higher purchasing power. This trend is particularly noticeable in emerging markets such as China and India, where a burgeoning middle class is showing a growing appetite for gold jewelry. Additionally, gold jewelry is often seen as a status symbol and a form of investment, further encouraging purchases among affluent consumers.

Another notable driver for the gold jewelry market is the cultural and traditional significance of gold in many regions. In countries like India, gold jewelry plays a vital role in various ceremonies, including weddings and festivals. The cultural attachment to gold jewelry ensures consistent demand, irrespective of economic volatility. Moreover, traditional designs continue to evolve, blending with contemporary styles and thereby attracting both older and younger generations.

Technological advancements in jewelry-making processes are also contributing to market growth. Innovations such as 3D printing and computer-aided design (CAD) are enabling jewelers to create intricate designs with greater precision and at a lower cost. This technological integration not only enhances the aesthetic appeal of gold jewelry but also makes customization more accessible to consumers, thus broadening the market base.

The Gems and Jewellery industry plays a pivotal role in the gold jewelry market, contributing significantly to its growth and diversification. This sector encompasses a wide range of products, from traditional gold ornaments to contemporary designs, catering to diverse consumer preferences. The global appeal of gems and jewellery is not only rooted in their aesthetic value but also in their cultural and emotional significance. As consumers increasingly seek personalized and meaningful pieces, the integration of gems with gold jewelry offers a unique value proposition. This trend is further amplified by the rising demand for bespoke jewellery, where consumers can choose specific gemstones to complement their gold pieces, creating a personalized touch that resonates with their individual tastes and stories.

Regionally, the Asia Pacific region dominates the gold jewelry market, accounting for more than 60% of global consumption. Countries like India and China are the primary drivers in this region due to their large populations and deep-rooted cultural affinity for gold jewelry. North America and Europe also represent significant markets, driven by high per capita income and a preference for luxury products. The Middle East & Africa region, although smaller in market size, is growing rapidly owing to increased investments and high disposable incomes in countries like the UAE and Saudi Arabia.

Product Type Analysis

The gold jewelry market is segmented by product type into necklaces, rings, earrings, bracelets, and others. Each of these segments has its unique demand drivers and market dynamics. Necklaces represent a significant portion of the market due to their popularity in cultural and traditional ceremonies, especially in regions like Asia and the Middle East. The demand for necklaces is also driven by their versatility and availability in various designs and price ranges, making them accessible to a broad audience.

Rings are another essential segment within the gold jewelry market. Engagement and wedding rings hold significant sentimental value and are a staple in many cultures worldwide. The increasing trend of personalized and customized rings is driving this segmentÂ’s growth. Consumers are willing to invest in unique designs that reflect their personal stories, thereby fueling the market. Additionally, rings are often seen as investment pieces, adding to their allure.

Earrings are

The size of the gold market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of XXX% during the forecast period. Gold is a precious metal that has been highly valued by human societies for thousands of years due to its rarity, beauty, and unique properties. Chemically, gold is a soft, yellow metal that is resistant to corrosion, tarnishing, and oxidation, which makes it ideal for use in jewelry, coins, and decorative items. It is a noble metal, meaning it does not easily react with other elements, which has contributed to its historical significance as a symbol of wealth and power. Gold is also an excellent conductor of electricity and is highly malleable, allowing it to be shaped into intricate designs or thin sheets, making it indispensable in various industrial applications, including electronics, dentistry, and aerospace. As an investment, gold is seen as a safe haven during periods of economic instability, with its value often rising in times of inflation or financial crisis. The extraction of gold, however, is a complex and environmentally impactful process, involving mining, refining, and sometimes toxic chemicals. Despite this, gold remains an essential commodity in the global economy, not only in terms of its financial value but also for its cultural and industrial significance. Its enduring appeal as a store of value and a medium of exchange continues to shape economies and societies worldwide. The growing demand for gold as a safe haven asset, rising disposable income, and the increasing usage of gold in jewelry and technology are driving this growth. Hybrid seeds have numerous benefits, including improved yield, disease resistance, and adaptability to different climates. Government initiatives to promote the adoption of hybrid seeds, coupled with rising food security concerns, are further contributing to their market growth. Technological advancements in seed breeding and genetic engineering are also enabling the development of improved hybrid varieties. Recent developments include: In March 2023, Pan American Silver Corporation announced the acquisition of all the issued and outstanding common shares of Yamana Gold Inc. as part of the arrangement, which includes its mines and increased the geographical operations of the company in Latin America..

Gold Target Market Outlook

The global gold target market size was valued at approximately USD 2.5 trillion in 2023 and is projected to reach around USD 3.7 trillion by 2032, growing at a compound annual growth rate (CAGR) of 4.3% during the forecast period. This steady growth is driven by various factors including increasing geopolitical uncertainties, inflation hedging characteristics of gold, and rising demand across different applications. The intrinsic value and limited supply of gold continue to make it a safe haven investment in times of economic volatility, further solidifying its role in diverse portfolios worldwide.

One of the significant growth factors driving the gold target market is the persistent demand for gold as a hedge against inflation and currency devaluation. In the face of fluctuating global economies and the ongoing volatility in currency markets, investors often turn to gold as a means to preserve wealth. The metalÂ’s ability to maintain its value over time makes it an attractive asset, especially in regions experiencing high inflation rates. Moreover, central banks continue to increase their gold reserves as part of their monetary policy strategies, thereby fueling demand in this market segment.

Another crucial factor contributing to the growth of the gold market is the expanding middle class and rising disposable incomes, particularly in developing economies. As incomes rise, so does the demand for luxury items, including gold jewelry. Countries like India and China, which have deep-rooted cultural affinities with gold, are witnessing significant increases in gold consumption for both investment and ornamental purposes. This cultural significance, combined with economic growth, has positioned the Asia Pacific region as a major consumer of gold, bolstering the market's global expansion.

Technological advancements and innovations in gold mining and refining processes are also propelling market growth. Modern techniques and equipment have improved the efficiency of gold extraction and processing, reducing costs and increasing output. Additionally, the development of new financial products like gold-backed exchange-traded funds (ETFs) has made gold investments more accessible to a broader range of investors. The convenience and flexibility of these products have attracted both retail and institutional investors, further driving market demand.

The emergence of Edible Gold Beverage is an intriguing development in the gold market, blending luxury with culinary innovation. This unique product taps into the growing trend of gourmet experiences, where consumers seek novel and opulent ways to indulge. Edible gold, known for its non-toxic and inert properties, is increasingly being used to enhance beverages, offering a visually stunning and luxurious appeal. This trend is particularly popular in high-end restaurants and events, where presentation and exclusivity are paramount. The incorporation of gold into beverages not only elevates the sensory experience but also aligns with the cultural significance of gold as a symbol of wealth and celebration. As consumer preferences evolve towards unique and extravagant experiences, the Edible Gold Beverage market is poised for growth, attracting both connoisseurs and curious consumers alike.

Regionally, Asia Pacific dominates the gold target market, accounting for a significant share due to its large population, cultural affinity for gold, and increasing economic power. North America and Europe follow with substantial market contributions, driven by investment demand and industrial applications. The Middle East, with its strong cultural and economic ties to gold, also presents a lucrative market, while Latin America is emerging as a notable player due to its rich natural gold reserves and growing investments in mining infrastructure.

Product Type Analysis

The segmentation of the gold market by product type includes bullion, coins, jewelry, and exchange-traded funds (ETFs). Gold bullion, comprising bars and ingots, represents a significant portion of the market due to its traditional use as a store of value and its appeal to both retail and institutional investors. As a tangible asset, bullion is favored for its purity and weight, often considered the most direct way to hold gold. The demand for bullion remains robust amidst economic uncertainties, with investors seeking security against market fluctuations and geopolitical tensions.

Coins are

According to Cognitive Market Research, the Global Gold Bullion Market size will be USD 53154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 12.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 21261.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.4%from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 15946.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 12225.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 2657.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.6%from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1063.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.3% from 2024 to 2031.
The gold bars category is the fastest growing segment of the Gold Bullion industry

Market Dynamics of Gold Bullion Market

Key Drivers for Gold Bullion Market

Growing Interest In Safe-Haven Investments To Boost Market Growth

Concerns about inflation, geopolitical unrest, and economic instability are the main causes of the increased interest in safe-haven investments in the gold bullion market. Gold is seen as a trustworthy store of value by investors who are looking for stability during market turbulence. This tendency is further supported by central banks' growing gold reserves, which demonstrate their faith in gold as a hedge against exchange rate swings. Furthermore, it has become more accessible and appealing to a wider spectrum of investors due to the growth of digital gold and gold-backed investment products. This change emphasizes gold's continued allure as a hedge against volatile financial markets. For Instance, Agnico Eagle Mines Limited ("Agnico Eagle" or the "Company") and Kirkland Lake Gold Ltd. ("Kirkland Lake Gold") announced that they have entered into an agreement (the "Merger Agreement") to merge in a merger of equals (the "Merger"), with the combined company to continue under the name "Agnico Eagle Mines Limited" (the "Merger"). The merger will establish the new Agnico Eagle as the gold industry's highest-quality senior producer, with the lowest unit costs, largest profits, most favorable risk profile, and industry-leading best practices in key environmental, social, and governance ("ESG") categories.

Growing Demand In Emerging Markets For Gold To Drive Market Growth

An expanding middle class, rising wealth, and rising disposable incomes are driving the increased demand for gold in emerging nations. The consumption of jewellery and investments in gold bullion is rising significantly in nations with strong cultural ties to gold, such as China and India. Furthermore, these markets see gold as a safe-haven asset due to inflation worries and economic uncertainty. Participation in the gold market is further improved by the growth of financial literacy and the availability of gold investment products like ETFs and internet platforms. This pattern emphasizes how significant gold is in emerging economies as a representation of security and riches.

Restraint Factor for the Gold Bullion Market

Expenses for security and storage

Investors are quite concerned about the rising costs of storage and security in the gold bullion market. The price of securely storing and safeguarding actual gold rises in tandem with the demand for it. To protect their funds from loss or theft, investors need to account for costs associated with safe deposit boxes, insurance, and monitoring services. Regulations may also call for more stringent security measures, which would raise expenses even further. Potential investors may be put off by these costs, especially those with tighter budgets. They may instead choose alternative investment vehicles such as gold exchange-traded funds (ETFs), which don't need to be physically stored.

Limited Liquidity in Large Transactions

While gold is generally considered a liquid ...

In 2021, China's gold demand reached 1,127.9 tons, an increase of more than 30 percent over the previous year. This was primarily due to gold demand for jewelry and investment. Gold demand in China is projected to keep rising and reach 1,298.5 metric tons in 2026.

This document contains statistical data and analysis of global gold demand and prices from 2010 to 2024, presented by Dojipedia, a website focused on Forex investment information. The data is organized quarterly and includes various categories of gold demand such as jewelry fabrication, technology use, investment, and central bank purchases. It also provides the LBMA gold price in US dollars per ounce for each quarter.The document highlights significant events that influenced gold prices and demand during this period. These events include major economic crises, geopolitical tensions, and market shifts. For instance, it mentions the European debt crisis in 2010, the U.S. credit rating downgrade in 2011, the Federal Reserve's quantitative easing tapering signals in 2013, and the COVID-19 pandemic's impact starting in 2020.The data shows how gold demand and prices often increase during times of economic uncertainty or political instability, as investors view gold as a safe-haven asset. For example, gold prices reached record highs in 2024 amid global economic and geopolitical uncertainties.Dojipedia presents itself as a platform with five years of Forex market investment experience. The site offers free educational content on technical analysis methods such as Elliott Wave, ICT Trading, and Smart Money Concept. It also mentions plans to publish free books on technical analysis.The document includes a disclaimer stating that the information provided is for general purposes only and not financial advice. It warns about the high risks associated with investing in financial markets like CFDs, Forex, cryptocurrencies, and gold. The disclaimer emphasizes that leveraged products may not be suitable for all investors due to the high risk to capital.Overall, this document serves as a comprehensive resource for those interested in gold market trends and their relationship to global economic events over the past decade and a half.

Market Analysis for Gold Jewelry The global gold jewelry market is valued at $2403.2 million and is projected to grow at a CAGR of 3.8% during the forecast period 2025-2033. The market is driven by factors such as the rising disposable income, growing demand for luxury goods, and the cultural significance of gold in many regions. The demand for gold jewelry is particularly strong in Asia-Pacific and the Middle East & Africa, where it is often considered a symbol of status and wealth. Key trends shaping the gold jewelry market include the increasing popularity of online jewelry retailers, the emergence of new jewelry designs and styles, and the growing awareness of sustainability and ethical sourcing. The market is also facing some challenges, such as the rising cost of gold and the competition from alternative jewelry materials. However, the overall outlook for the gold jewelry market remains positive, supported by the strong demand for luxury goods and the cultural significance of gold in many regions.

Gold prices, recently at $3,057.31, may drop to $1,820 due to supply-demand dynamics, interest rates, and new mines, says Morningstar's David Sekera.

In 2023, China topped the list of major gold consuming countries, with consumer demand amounting to 910 metric tons. Gold consumption Gold is a very valuable and widely used metal. In addition to its attractive appearance, it has properties that make it suitable for many important uses beyond jewelry. These uses include electronics (due to its conductivity and resistance to corrosion), dentistry, glassmaking, and more. Gold bars and coins are also used by many banks and individuals as a means of investing due to their limited supply and high value. In 2023, the reported consumption of gold in the United States stood at some 250 metric tons. Gold demand by sector The jewelry industry has the largest overall demand for gold of any sector worldwide that uses it by far, with a demand of some 2,168 metric tons of gold in 2023. By comparison, world gold production from mines in 2023 was estimated to have been some 3,000 metric tons. Gold consumption through jewelry was also the largest

Snapshot img { margin: 10px !important; } Global Fabrication Gold Industry Overview

The demand for gold is increasing in countries such as India, China, and Turkey, owing to the rise in disposable income and economic growth. Also, the cultural importance of gold jewelry forms a direct link with the economic development. The global demand for fabrication gold witnessed a significant decline before 2016, due to the global economic downturn. However, the demand for gold used in jewelry witnessed a growth in demand in 2017 owing to improving economic conditions. The demand for gold in India is expected to improve during the forecast period. In addition, the growing employment in the tertiary sectors also contributed to the growth of the middle-class population in the aforementioned countries over the last decade. This intensifies the demand for gold as a long-term investment, thus driving the fabrication gold market growth during the forecast period.

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Top fabrication gold vendors listed in this report

The fabrication gold market is fragmented as the market is home to a number of companies. The market is currently in its late growth phase and exposed to opportunities and innovations. This fabrication gold industry analysis report will aid clients in identifying new growth opportunities and designing new growth strategies.

The report offers a complete analysis of fabrication gold companies including:

AngloGold Ashanti
Barrick Gold
Goldcorp
Kinross Gold
Newmont Mining

Fabrication gold market growth based on geographic regions:

Americas
APAC
EMEA

With a complete study of the growth opportunities for companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in APAC will constitute the maximum growth of this fabrication gold market through the predicted period. Growth in this region is attributed to the increasing disposable income in countries such as India, China, and Turkey.

Fabrication gold market growth based on application:

Jewelry
Electronics
Official coins
Medical

According to our market research experts, the jewelry segment will account for the maximum growth of the market. Additionally, the report provides an accurate prediction of the contribution of the various application segments in the growth of the fabrication gold market size.

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Key highlights of the global fabrication gold market for the forecast years 2018-2022:

CAGR of the market during the forecast period 2018-2022
Detailed information on factors that will accelerate the growth of the fabrication gold market during the next five years
Precise estimation of the global fabrication gold size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the fabrication gold industry across various geographies such as the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive information about factors that will challenge the growth of fabrication gold companies

What’s your takeaway?

This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global fabrication gold market and its stakeholders over the forecast years. Market research analysts at Technavio have also considered how the performance of other related markets in the vertical will impact fabrication gold market size till 2022. To know more about markets which will influence the growth of the fabrication gold market over the coming years, Click here.

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