Gold Market

Gold market: read the most recent information empowered by an Ai-driven BI platform. Data cover companies, production, market prices, exports, consumption, trade, market size, and imports. Here is a split by region, including the U.K., Russia, China, Latin America, Africa, the U.S., EU, and the Middle East. Market insights and outlook to 2030 are also featured in the snapshots.


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Gold - World's Largest Markets

RatingCountry
1India
2China
3United Arab Emirates
4United States
5Turkey

In value terms, India, China and the United Arab Emirates were the countries with the highest levels of market value in 2021, with a combined 43% share of the global market. These countries were followed by the United States, Turkey, Switzerland, Hong Kong SAR, Germany, Russia, Belgium, Thailand, Canada and Argentina, which together accounted for a further 33%.

In terms of the main consuming countries, Belgium (+926.3% per year) saw the highest rates of growth with regard to market size, over the period under review, while gold market for the other global leaders experienced more modest paces of growth.

Gold Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per kg
Argentina5641608557911.3%
Peru1707118473177281.9%
South Africa4170543264435382.2%
Singapore4222253066478716.5%
United Arab Emirates4386354054494766.2%
Thailand4471254860507916.6%
Canada44015552175499911.8%
Australia44424565835702013.3%
Hong Kong SAR43803568815738214.5%
Russia46442578885746011.2%
Switzerland44158559005764214.3%
United Kingdom43881568025768114.7%
United States40277767245799620.0%
Average38505499384818811.9%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($57,996 per kg), while Argentina ($5,791 per kg) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per kg
United Kingdom46328585485806312.0%
Germany42543545695749416.3%
United States44311544855587412.3%
Hong Kong SAR33372527525574229.2%
India32023382235271728.3%
Singapore4378656000524579.5%
Switzerland28966486025138733.2%
United Arab Emirates4494454112506876.2%
Turkey38837502284704910.1%
Italy30691409234114715.8%
China418704227439599-2.7%
Canada19009306442621917.4%
Belgium38098410921356-81.1%
Average36251484824583112.4%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the UK ($58,063 per kg), while Belgium ($1,356 per kg) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland, while the other global leaders experienced more modest paces of growth.

Gold - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
Switzerland61739223.3%
India27175643.3%
United Kingdom718854-12.8%
China433840-2.9%
Hong Kong SAR14192943.3%

In value terms, the largest gold importing markets worldwide were Switzerland ($92.1B), India ($55.8B) and the UK ($53.8B), together comprising 52% of global imports. China, Hong Kong SAR, Turkey, the United States, Singapore, the United Arab Emirates, Germany, Italy, Canada and Belgium lagged somewhat behind, together accounting for a further 39%.

Germany (+65.3% per year) saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Gold - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
billion USD
Switzerland62728718.3%
United Kingdom23214539.4%
Hong Kong SAR25413110.6%
United States19232821.1%
United Arab Emirates18272212.0%

In value terms, Switzerland ($86.6B), the UK ($45.3B) and Hong Kong SAR ($30.8B) appeared to be the countries with the highest levels of exports in 2021, with a combined 38% share of global exports. The United States, the United Arab Emirates, Australia, Russia, South Africa, Canada, Singapore, Thailand, Peru and Argentina lagged somewhat behind, together accounting for a further 35%.

In terms of the main exporting countries, Russia (+73.6% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Gold - Market Forecast

Driven by increasing demand for gold worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Gold - Top Companies

Xingtai Roll Small Cold Roller Co., Ltd., Shijiazhuang Zhengzhong Technology Co., Ltd., Dalian Sunny Titanium Industry Co., Ltd., Jiangxi Copper Company Limited, SORTAG AG Entsorgungscenter Bigenthal, Sortag Zürich AG, Dalian Zhongji Metallurgical Co., Ltd., JOHNSON MATTHEY PLC, MITSUBISHI MATERIALS CORPORATION, Tyco International Management Company, LLC, Zijin Mining Group Co., Ltd., Aurubis AG, Tongling Nonferrous Metals Group Co., Ltd., Shandong Gold Group Co., Ltd., Hangzhou Zhengcai Holding Group Co., Ltd., GMK NORILSKI NIKEL, PAO, COPPER REFINERIES PTY. LTD., Yunnan Copper Co., Ltd., SUMITOMO METAL MINING CO., LTD., Baiyin Nonferrous Group Co., Ltd.

Gold - Product Coverage

  • HS 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
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World - Gold - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global gold market.

South-Eastern Asia - Gold - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the gold market in South-Eastern Asia.

Eastern Asia - Gold - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the gold market in Eastern Asia.

Latin America and the Caribbean - Gold - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the gold market in Latin America and the Caribbean.

Northern America - Gold - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the gold market in Northern America.

Africa - Gold - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the gold market in Africa.

Central Asia - Gold - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the gold market in Central Asia.

Southern Asia - Gold - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the gold market in Southern Asia.

Australia and Oceania - Gold - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the gold market in Australia and Oceania.

Middle East - Gold - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the gold market in the Middle East.

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