11/10/2022
Gold production and demand statistics
1. Underground gold reserves are at least 54,000 tons.
Goldman Sachs investors expect the world's remaining gold reserves to be mined by 2035.
2. More than 40% of the gold mined came from the Witwatersrand basin in South Africa.
According to world estimates, about 190,040 tons of gold have been mined throughout history. In addition, the mines produce approximately 2,500-3,000 tons per year worldwide.
3. Gold Facts confirm that South Africa is the largest gold mine in the world with 32.8 million ounces of gold remaining.
The second largest gold mine in the world is the Grasberg gold mine in Indonesia with 30.2 million ounces.
The Olimpiada gold mine in Eastern Siberia, Russia, is the third largest gold mine in the world with 26 million ounces.
4. According to gold statistics, 48.5% of gold is used in the jewelry industry.
(Statistics)
When it comes to a share of the global demand for gold, the jewelry industry ranks first as the world's largest gold-demanding industry.
Investment comes in second with 29.19%, followed by central banks (14.84%) and technology (7.48%).
5. China produced about 13% of the world's gold in 2020.
Gold prices in China continue their upward trend, so prices seem to be rising along with production. Moreover, over the years, gold production has grown, reaching a record high of 463.7 tons in 2016.
The second and third largest gold producers in the world are none other than Australia and Russia. Both countries owned a significant share of the gold mine reserves, i.e. 10,000 metric tons (Australia) and 7,500 metric tons (Russia).
In 2020, global gold production was 3,200 metric tons.
6. Gold statistics in India show that in 2020, the country imported gold in the amount of 1.992.5 Indian rupees.
In fiscal year 2020, India imported INR 1,992.5 worth of gold.
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