Global gold demand exceeds 4,000 tonnes annually. Jewelry and investment bars/coins dominate, with India and China together accounting for roughly half of world jewelry consumption.
Top Gold Consuming Countries (Approx. Annual Demand)
| Country | Share | Primary Use |
|---|---|---|
| China | ~20% | Jewelry, bars, central bank |
| India | ~25% | Jewelry (festivals, weddings) |
| USA | ~8% | Investment, jewelry, tech |
| Germany | ~5% | Investment bars/coins |
| Turkey & Middle East | ~8% | Jewelry, savings |
Regional Demand Drivers
India & Bangladesh: Cultural demand peaks during Akshaya Tritiya, Diwali, and wedding seasons. Check live rates: India, Bangladesh.
China: Largest producer and major consumer; investment demand rises when property and equity markets weaken.
Middle East (UAE, Saudi Arabia): High per-capita jewelry demand tied to gifting traditions — UAE gold price, Saudi Arabia.