The demand of gold for jewelry purposes amounted to approximately 516.5 metric tons in the fourth quarter of 2024. This was the purpose with the highest demand in that quarter, ahead of investment, technology and central banks.
Gold as an investment – additional information
Throughout history, gold has been desirable and in demand and has been characterized as a high value commodity. When investing in any commodity, risk assessments need to be taken into consideration. Generally gold is considered to be a safe investment. It becomes an attractive means of money allocation especially in times of turmoil on the financial markets. Also governments locate a big part of their assets in gold. The United States is the leading gold holding country worldwide, with gold reserves amounting to 8,133.5 metric tons. The demand for gold globally in 2023 was estimated at over 4,400 metric tons.
Demand for gold worldwide from 1st quarter 2016 to 4th quarter 2024, by purpose
(in metric tons)
Characteristic
Jewelry
Technology
Investment
Central banks and other institutions
Q4 2024
516.5
83.7
344
332.9
Q3 2024
541.4
82.3
364.8
194.2
Q2 2024
409
79.8
266.8
210.8
Q1 2024
536.6
80.2
203.9
306.7
Q4 2023
581.5
80.6
258.3
229.4
Q3 2023
581.2
75.3
156.4
353.2
Q2 2023
493
71
257.5
167.1
Q1 2023
512.3
70.8
273
287.7
Q4 2022
601.9
72.1
250.8
381.8
Q3 2022
582.6
77.3
103.8
458.8
Q2 2022
493.5
78.3
213.8
158.6
Q1 2022
517.4
81.1
558.4
82.4
Q4 2021
719.5
85.9
304.4
34.3
-25002505007501,0001,2501,500
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World Gold Council. (February 5, 2025). Demand for gold worldwide from 1st quarter 2016 to 4th quarter 2024, by purpose (in metric tons) [Graph]. In Statista. Retrieved April 25, 2025, from https://www.statista.com/statistics/274684/global-demand-for-gold-by-purpose-quarterly-figures/
World Gold Council. "Demand for gold worldwide from 1st quarter 2016 to 4th quarter 2024, by purpose (in metric tons)." Chart. February 5, 2025. Statista. Accessed April 25, 2025. https://www.statista.com/statistics/274684/global-demand-for-gold-by-purpose-quarterly-figures/
World Gold Council. (2025). Demand for gold worldwide from 1st quarter 2016 to 4th quarter 2024, by purpose (in metric tons). Statista. Statista Inc.. Accessed: April 25, 2025. https://www.statista.com/statistics/274684/global-demand-for-gold-by-purpose-quarterly-figures/
World Gold Council. "Demand for Gold Worldwide from 1st Quarter 2016 to 4th Quarter 2024, by Purpose (in Metric Tons)." Statista, Statista Inc., 5 Feb 2025, https://www.statista.com/statistics/274684/global-demand-for-gold-by-purpose-quarterly-figures/
World Gold Council, Demand for gold worldwide from 1st quarter 2016 to 4th quarter 2024, by purpose (in metric tons) Statista, https://www.statista.com/statistics/274684/global-demand-for-gold-by-purpose-quarterly-figures/ (last visited April 25, 2025)
Demand for gold worldwide from 1st quarter 2016 to 4th quarter 2024, by purpose (in metric tons) [Graph], World Gold Council, February 5, 2025. [Online]. Available: https://www.statista.com/statistics/274684/global-demand-for-gold-by-purpose-quarterly-figures/
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