Gold Global Market

Overview
Gold is a chemical element with the symbol of Au from Latin word Aurum and atomic number is 79. It is slightly orange-yellow, dense, soft, malleable and ductile is nature. Chemically, gold is a transition metal. It is one of the least reactive chemical elements that's why it found native state in earth as nuggets or grains in rocks, veins and alluvial deposits. It occurs in a solid solution series with the native element silver, naturally alloyed with other metals like cupper and palladium and mineral inclusions such as within Pyrites.

Gold Global Market

Utility Of Gold

This pie chart shows the primary uses of gold during 2022. They were: Jewellery manufacturing 47%; Bullion (Gold bars and Ingots) 37%; Production of gold coins and medals 9%; Electronics industry 6% and other 1%. This data from the USGS Mineral Commodity Summaries, January 2023.

Global Gold Rate

Top Gold Producing Countries Worldwide

  • China: 330 Mt
  • Australia: 320 Mt
  • Russia: 320 Mt
  • Canada: 220 Mt
  • United States of America: 170 Mt
World map showing gold producing countries

Gold Reserves Worldwide

GOLD RESERVE
COUNTRYWISE

10 countries with the largest gold reserves in the world

  • The USA 8,133.5
  • Germany 3,362.4
  • Italy 2,451.8
  • France 2,436.2
  • Russia 2,298.5
  • China 1,948.3
  • Switzerland 1,040.0
  • Japan 765.2
  • India 676.6
  • Holland 612.5

Source: World gold council

*The numbers are in tons

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