Gold Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Gold Market Report is segmented by type (alloyed gold and layered gold), application (jewelry, electronics, awards and status symbols, and other applications), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The market size and forecasts are provided in terms of volume (tonnes) for the above segments.

Gold Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Gold Market Size

Gold Market Summary
Study Period 2019 - 2030
Market Volume (2025) 4.75 kilotons
Market Volume (2030) 6.78 kilotons
CAGR 7.38 %
Fastest Growing Market Europe
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Gold Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Gold Market Analysis

The Gold Market size is estimated at 4.75 kilotons in 2025, and is expected to reach 6.78 kilotons by 2030, at a CAGR of 7.38% during the forecast period (2025-2030).

The COVID-19 pandemic affected several industries negatively in 2020. The lockdown in most regions caused disruptions in mining and processing activities, and restrictions in freight transportation disturbed the supply chain. However, the conditions started recovering in 2021, restoring the market's growth trajectory.

The major factor driving the market is the demand for gold in the form of jewelry, technology, and long-term savings. This is especially true in developing nations, where gold is frequently utilized as a luxury item and a way of preserving wealth.

However, factors like declining ore grades, technical challenges, and strikes are expected to hinder global gold market expansion.

Nevertheless, the wedding market sector in China and India is projected to give several growth opportunities for the gold market segment in the future.

The Asia-Pacific region dominated the market globally, with the largest consumption coming from countries such as China and India, and this is expected to remain the same in the future.

Gold Industry Overview

The gold market is partially fragmented, with the presence of a few large-sized players and a large number of small players operating in the market. The major players in the studied market (not in any particular order) include Newmont Corporation, Barrick Gold Corporation, FRANCO-NEVADA CORPORATION, PJSC Polyus, and Agnico Eagle Mines Limited, amongst others.

Gold Market Leaders

  1. Agnico Eagle Mines Limited

  2. FRANCO-NEVADA CORPORATION

  3. Newmont Corporation

  4. PJSC Polyus

  5. Barrick Gold Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Gold Market Concentration
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Gold Market News

  • March 2023: Pan American Silver Corporation acquired all the issued and outstanding common shares of Yamana Gold Inc., as part of the arrangement, which includes its mines and increased the geographical operations of the company in Latin America.
  • February 2023: Barrick Gold, the world's second-biggest gold producer, announced a 10% increase in attributable proved and probable gold mineral reserves to 76 million ounces net of depletion in 2022 while maintaining current reserves.

GoldMarket Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Demand for Gold in the form of Jewelry and Long-term Savings
    • 4.1.2 Increasing Consumption in High-End Electronics Applications
    • 4.1.3 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Declining Ore Grades and Other Technical Challenges
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 By Type
    • 5.1.1 Alloyed Gold
    • 5.1.2 Layered Gold
  • 5.2 Application
    • 5.2.1 Jewellery
    • 5.2.2 Electronics
    • 5.2.3 Awards and Status Symbols
    • 5.2.4 Other Applications (Dentistry, Aerospace, etc.)
  • 5.3 Geography
    • 5.3.1 Production Analysis
    • 5.3.1.1 United States
    • 5.3.1.2 Australia
    • 5.3.1.3 Brazil
    • 5.3.1.4 Burkina Faso
    • 5.3.1.5 Canada
    • 5.3.1.6 China
    • 5.3.1.7 Colombia
    • 5.3.1.8 Ghana
    • 5.3.1.9 Indonesia
    • 5.3.1.10 Kazakhstan
    • 5.3.1.11 Mali
    • 5.3.1.12 Mexico
    • 5.3.1.13 Papua New Guinea
    • 5.3.1.14 Peru
    • 5.3.1.15 Russia
    • 5.3.1.16 South Africa
    • 5.3.1.17 Sudan
    • 5.3.1.18 Tanzania
    • 5.3.1.19 Uzbekistan
    • 5.3.1.20 Other countries
    • 5.3.2 Consumption Analysis
    • 5.3.2.1 Asia-Pacific
    • 5.3.2.1.1 China
    • 5.3.2.1.2 India
    • 5.3.2.1.3 Japan
    • 5.3.2.1.4 South Korea
    • 5.3.2.1.5 Rest of Asia-Pacific
    • 5.3.2.2 North America
    • 5.3.2.2.1 United States
    • 5.3.2.2.2 Canada
    • 5.3.2.2.3 Mexico
    • 5.3.2.3 Europe
    • 5.3.2.3.1 Germany
    • 5.3.2.3.2 United Kingdom
    • 5.3.2.3.3 Italy
    • 5.3.2.3.4 France
    • 5.3.2.3.5 Rest of Europe
    • 5.3.2.4 South America
    • 5.3.2.4.1 Brazil
    • 5.3.2.4.2 Argentina
    • 5.3.2.4.3 Rest of South America
    • 5.3.2.5 Middle East and Africa
    • 5.3.2.5.1 Saudi Arabia
    • 5.3.2.5.2 South Africa
    • 5.3.2.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%) **/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Agnico Eagle Mines Limited
    • 6.4.2 Barrick Gold Corporation
    • 6.4.3 FRANCO-NEVADA CORPORATION
    • 6.4.4 FURUKAWA CO.,LTD
    • 6.4.5 Gabriel Resources Ltd.
    • 6.4.6 Harmony Gold Mining Company Limited
    • 6.4.7 Jinshan Gold
    • 6.4.8 Johnson Matthey
    • 6.4.9 Kinross Gold Corporation
    • 6.4.10 New Gold Inc.
    • 6.4.11 Newmont Corporation
    • 6.4.12 PJSC Polyus
    • 6.4.13 Tertiary Minerals
    • 6.4.14 Vedanta Resources Limited
    • 6.4.15 Zijin Mining Group
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Rising Investment in Gold to Increase the Forex Reserves
  • 7.2 Other Opportunities
**Subject to Availability
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Gold Industry Segmentation

Gold has the chemical symbol Au (from the Latin word aurum) and the atomic number 79. As a result, it is one of the highest atomic number elements found in nature. In its pure state, it is a brilliant, somewhat orange-yellow, dense, soft, malleable, and ductile metal. Traditionally, gold has been used to make coins, bullion, and jewelry, but recently, it has been used in a variety of applications, including dentistry, electronics, and aerospace.

The gold market is segmented by type, application, and geography. By type, the market is segmented into alloyed gold and layered gold. By application, the market is segmented into jewelry, electronics, awards, status symbols, and other applications (dentistry and aerospace). The report also covers the market size and forecasts for the gold market in 15 countries across the studied regions. 

For each segment, the market sizing and forecasts have been done on the basis of volume (tons).

By Type Alloyed Gold
Layered Gold
Application Jewellery
Electronics
Awards and Status Symbols
Other Applications (Dentistry, Aerospace, etc.)
Geography Production Analysis United States
Australia
Brazil
Burkina Faso
Canada
China
Colombia
Ghana
Indonesia
Kazakhstan
Mali
Mexico
Papua New Guinea
Peru
Russia
South Africa
Sudan
Tanzania
Uzbekistan
Other countries
Consumption Analysis Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
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GoldMarket Research FAQs

How big is the Gold Market?

The Gold Market size is expected to reach 4.75 kilotons in 2025 and grow at a CAGR of 7.38% to reach 6.78 kilotons by 2030.

What is the current Gold Market size?

In 2025, the Gold Market size is expected to reach 4.75 kilotons.

Who are the key players in Gold Market?

Agnico Eagle Mines Limited, FRANCO-NEVADA CORPORATION, Newmont Corporation, PJSC Polyus and Barrick Gold Corporation are the major companies operating in the Gold Market.

Which is the fastest growing region in Gold Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Gold Market?

In 2025, the Asia-Pacific accounts for the largest market share in Gold Market.

What years does this Gold Market cover, and what was the market size in 2024?

In 2024, the Gold Market size was estimated at 4.40 kilotons. The report covers the Gold Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Gold Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

GoldIndustry Report

Statistics for the 2025 Gold market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Gold analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Gold Market Report Snapshots