Gold is the most popular precious metal in the investment industry. The rate of return for gold investments fluctuated significantly during the period from 2002 to 2024 but generated positive returns in most years of the observed period. The return of gold as an investment reached almost 27 percent in 2024, one of the highest recorded. Why is gold valuable? Gold is a precious metal with a number of practical uses, particularly in technology. For example, NASA uses gold to improve its lasers and protect sensitive things in space, including a part of the visor for its astronauts. However, a large share of the demand for gold worldwide is as an investment, particularly by central banks. Gold serves the purpose of an alternative to currency because it is relatively scarce but still has enough mine production to serve the financial sector. Gold as an investment Under the Bretton Woods agreement after World War II, the world’s major currencies were tied to the value of gold. This system, called the Gold Standard, ended in 1971. Still, most countries maintain significant gold reserves. Due to this history and the overall faith in the value of gold, the average gold price tends to increase in times of recession, making it an attractive investment in uncertain times.

Gold increased 393.93 USD/t oz. or 15.01% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold - values, historical data, forecasts and news - updated on March of 2025.

Between January 1971 and March 2024, gold had average annual returns of 7.98 percent, which was only slightly behind the return of commodities, with an annual average of eight percent. The annual average return of gold in 2023 was 13.1 percent. What is the total global demand for gold? The global demand for gold remains robust owing to its historical importance, financial stability, and cultural appeal. During economic uncertainty, investors look for a safe haven, while emerging markets fuel jewelry demand. A distinct contrast transpired during COVID-19, when the global demand for gold experienced a sharp decline in 2020 owing to a reduction in consumer spending. However, the subsequent years saw an increase in demand for the precious metal. How much gold is produced worldwide? The production of gold depends mainly on geological formations, market demand, and the cost of production. These factors have a significant impact on the discovery, extraction, and economic viability of gold mining operations worldwide. In 2024, the worldwide production of gold was expected to reach 124 million ounces, and it is anticipated that the rate of growth will increase as exploration technologies improve, gold prices rise, and mining practices improve.

Key information about Ivory Coast Gold Production

• Ivory Coast Gold Production was reported at 48,000.000 kg in Dec 2022.
• This records an increase from the previous figure of 42,000.000 kg for Dec 2021.
• Ivory Coast Gold Production data is updated yearly, averaging 3,570.000 kg from Dec 1990 to 2022, with 33 observations.
• The data reached an all-time high of 48,000.000 kg in 2022 and a record low of 20.000 kg in 1990.
• Ivory Coast Gold Production data remains active status in CEIC and is reported by U.S. Geological Survey. The data is categorized under World Trend Plus’s Association: Metal and Mining Sector – Table WB.USGS.GOLD: Precious Metals: Gold: Production by Country or Locality.

Gold Production in Mexico decreased to 6482 Kg in January from 6553 Kg in December of 2024. This dataset provides - Mexico Gold Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Forecast: Gold Mine Production in the US 2024 - 2028 Discover more data with ReportLinker!

Key information about Kyrgyzstan Gold Production

• Kyrgyzstan Gold Production was reported at 25,337.000 kg in Dec 2022.
• This records an increase from the previous figure of 24,900.000 kg for Dec 2021.
• Kyrgyzstan Gold Production data is updated yearly, averaging 18,132.000 kg from Dec 1992 to 2022, with 31 observations.
• The data reached an all-time high of 27,900.000 kg in 2017 and a record low of 838.000 kg in 1994.
• Kyrgyzstan Gold Production data remains active status in CEIC and is reported by U.S. Geological Survey. The data is categorized under World Trend Plus’s Association: Metal and Mining Sector – Table WB.USGS.GOLD: Precious Metals: Gold: Production by Country or Locality.

Forecast: Gold Production in Mexico 2024 - 2028 Discover more data with ReportLinker!

Key information about Russia Gold Production

• Russia Gold Production was reported at 310,000.000 kg in Dec 2024.
• This records a decrease from the previous figure of 313,000.000 kg for Dec 2023.
• Russia Gold Production data is updated yearly, averaging 172,031.000 kg from Dec 1992 to 2024, with 33 observations.
• The data reached an all-time high of 313,830.000 kg in 2021 and a record low of 114,900.000 kg in 1998.
• Russia Gold Production data remains active status in CEIC and is reported by U.S. Geological Survey. The data is categorized under World Trend Plus’s Association: Metal and Mining Sector – Table WB.USGS.GOLD: Precious Metals: Gold: Production by Country or Locality.

China rose 2.7% of Gold Production in 2019, compared to the previous year.

Key information about Chile Gold Production

• Chile Gold Production was reported at 30,966.000 kg in Dec 2022.
• This records a decrease from the previous figure of 34,248.000 kg for Dec 2021.
• Chile Gold Production data is updated yearly, averaging 40,447.000 kg from Dec 1990 to 2022, with 33 observations.
• The data reached an all-time high of 54,143.000 kg in 2000 and a record low of 27,500.000 kg in 1990.
• Chile Gold Production data remains active status in CEIC and is reported by U.S. Geological Survey. The data is categorized under World Trend Plus’s Association: Metal and Mining Sector – Table WB.USGS.GOLD: Precious Metals: Gold: Production by Country or Locality.

The United States produced an estimated 160 metric tons of gold in 2024. This figure represents a decrease of around nine percent in comparison to the previous year. History of gold mining in the United States Gold was first discovered in the United States in 1799 in North Carolina. More well known, and important to the history of the United States, however, was the California Gold Rush. The California Gold Rush began on January 24, 1848 and ended in 1885. This began as a result of gold being found by James W. Marshall in Coloma, California, which brought approximately 300,000 people to California from abroad and elsewhere in the United States. The sudden inundation of gold revived the American economy. U.S. gold production, however spiked during the 1980s, because of high gold prices and the recovery of gold from low-grade deposits in states such as Nevada. Today, Nevada is the largest gold producing state in the U.S. U.S. gold trade Since 2010, gold exports from the United States have been fluctuating, reaching 300 metric tons in 2024. Although it typically exports more gold than it imports, U.S. gold imports reached 150 metric tons in 2024. As of June 2023, the United States had the largest gold holdings reserves in the world.

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In 2024, an estimated 170 metric tons of primary refinery gold was produced in the United States. That same year, the amount of secondary refinery gold (new and old scrap) produced was about 90 metric tons.

Greece: Gold production in kilograms: The latest value from 2022 is 3000 kilograms, a decline from 3315 kilograms in 2021. In comparison, the world average is 35128 kilograms, based on data from 90 countries. Historically, the average for Greece from 2008 to 2022 is 1262 kilograms. The minimum value, 109 kilograms, was reached in 2016 while the maximum of 3315 kilograms was recorded in 2021.

This dataset provides values for GOLD PRODUCTION reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Key information about Laos Gold Production

• Laos Gold Production was reported at 9,900.000 kg in Dec 2022.
• This records a decrease from the previous figure of 9,943.000 kg for Dec 2021.
• Laos Gold Production data is updated yearly, averaging 5,988.000 kg from Dec 1997 to 2022, with 21 observations.
• The data reached an all-time high of 9,943.000 kg in 2021 and a record low of 25.000 kg in 1997.
• Laos Gold Production data remains active status in CEIC and is reported by U.S. Geological Survey. The data is categorized under World Trend Plus’s Association: Metal and Mining Sector – Table WB.USGS.GOLD: Precious Metals: Gold: Production by Country or Locality.

Forecast: Gold Production in Indonesia 2024 - 2028 Discover more data with ReportLinker!

Key information about Mexico Gold Production

• Mexico Gold Production was reported at 130,000.000 kg in Dec 2024.
• This records an increase from the previous figure of 127,000.000 kg for Dec 2023.
• Mexico Gold Production data is updated yearly, averaging 39,355.000 kg from Dec 1990 to 2024, with 35 observations.
• The data reached an all-time high of 134,758.000 kg in 2015 and a record low of 9,680.000 kg in 1990.
• Mexico Gold Production data remains active status in CEIC and is reported by U.S. Geological Survey. The data is categorized under World Trend Plus’s Association: Metal and Mining Sector – Table WB.USGS.GOLD: Precious Metals: Gold: Production by Country or Locality.

Key information about Costa Rica Gold Production

• Costa Rica Gold Production was reported at 864.000 kg in Dec 2022.
• This records an increase from the previous figure of 647.000 kg for Dec 2021.
• Costa Rica Gold Production data is updated yearly, averaging 400.000 kg from Dec 1990 to 2022, with 33 observations.
• The data reached an all-time high of 5,200.000 kg in 2018 and a record low of 50.000 kg in 2000.
• Costa Rica Gold Production data remains active status in CEIC and is reported by U.S. Geological Survey. The data is categorized under World Trend Plus’s Association: Metal and Mining Sector – Table WB.USGS.GOLD: Precious Metals: Gold: Production by Country or Locality.