Visualizing Gold Consumption vs. Domestic Supply

What We’re Showing

Gold demand (in tonnes) versus domestic gold production in ten selected countries. The data comes from the World Gold Council and was compiled by The Gold Bullion Company as of 2023.  

Key Takeaways

• With a population of over a billion, India tops the ranking with substantial demand for gold, made up of jewelry and gold bars demand.
• Turkey mine production in 2023 stood at 36.5 tonnes, which is six times lower than the demand of 201.6 tonnes.