Gold demand worldwide - share by sector 2019

The jewelry industry accounted for a 48.5 percent share of global gold demand in 2019, which amounted to about 2,118.6 metric tons. Jewelry was therefore the largest gold demanding industry worldwide.

Golds uses

Gold is a transition metal that has bright yellow coloring. Besides its most famous use, in jewelry, it has many different useful applications. One use is conducting, as it is a very efficient conductor that can carry tiny electrical chargers. As a result, gold is found in cell phones and televisions. It is also used in dentistry, as it is the best material for fillings and crowns since it is easy to insert.

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 2019, about 3,300 metric tons were produced. The countries that produced the largest amount of gold in 2019 were China, Australia, and Russia. China produced an estimated 420 metric tons, Australia produced 330 metric tons, and Russia produced 310 metric tons.

Distribution of global gold demand by industry in 2019

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Sources

Release date

April 2020

Region

Worldwide

Survey time period

2019

Supplementary notes

Distribution figures have been calculated using the demand figures in metric tons provided by the source.

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Statistics on "Gold"

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