Skip to main content

top 10 countries where gold trade takes place?

Gold currently plays a very important role for the development of a country, an analysis of each asset of gold..


gold trading
In article's 
 

The top 10 countries where gold trade takes place

 
According to the World Gold Council (WGC), the top 10 countries where gold trade takes place are as follows,
 
 Switzerland: $86.8 billion (22% of global gold exports)

 United Kingdom: $41.4 billion (10.5%)

 Hong Kong: $30.8 billion (7.8%)

 United Arab Emirates: $28.7 billion (7.3%)

 United States: $27.7 billion (7%)

 Australia: $17.5 billion (4.4%)

 Russia: $17.4 billion (4.4%)

 Canada: $15.1 billion (3.8%)

 Singapore: $10.1 billion (2.6%)

 Ghana: $10 billion (2.5%)

These figures are based on the data for 2018, the latest available year from the WGC.

According to the World Gold Council (WGC), the country that produces the most gold in the world is China, which mined 420 tonnes of gold in 2019. China has held its top position for more than a decade, despite a decline in its production since 2016. China is followed by Australia, which produced 330 tonnes of gold in 2019, and Russia, which mined 310 tonnes.

The top 10 gold producing countries in 2019, 

 
according to the WGC, are as follows,

 China: 420 tonnes

 Australia: 330 tonnes

 Russia: 310 tonnes

 United States: 200 tonnes

 Canada: 180 tonnes

 Ghana: 150 tonnes

 Indonesia: 140 tonnes

 Peru: 130 tonnes

 South Africa: 120 tonnes

 Mexico: 110 tonnes

These figures may vary slightly from other sources, depending on the methodology and the definition of mine production. Some sources may include secondary sources, such as scrap and recycled gold, in their calculations. 
 

Which country imports the most gold?

According to the data from World’s Top Exports, the country that imported the most gold in 2021 based on value was Switzerland, which accounted for 23.4% of total gold imports worldwide. Switzerland was followed by India, which imported 14.1% of global gold, and United Kingdom, which imported 13.6%. The top 10 gold importing countries in 2021, based on value, were as follows,

 Switzerland: $92.3 billion

 India: $55.8 billion

 United Kingdom: $53.7 billion

 China: $43.7 billion

 Hong Kong: $29.1 billion

 Singapore: $14.5 billion

 United States: $13.9 billion

 Germany: $11 billion

 United Arab Emirates: $10.6 billion

 Thailand: $8.4 billion

These figures may vary slightly from other sources, depending on the methodology and the definition of gold imports. Some sources may include secondary sources, such as scrap and recycled gold, in their calculations.

 
Tags:

Comments

Post a Comment

Like this 22k jewelers blog?

Popular posts from this blog

At one time, the tax rate in India was 97.50

Many feel that foreign countries tax the rich very heavily and India does not. But did you know that at one time India had to pay 97.50 percent of income tax? Indira Gandhi What is the historical tax rate in India Debates such as distribution of wealth and introduction of inheritance tax have arisen and are currently being discussed in a frenzy. But, in our country, 50 years ago, maximum tax was collected up to 97.50 percent. There was such a period in India. During Indira Gandhi's tenure as Prime Minister, income tax in India was as high as 97.50 percent. However, this collection came to an end shortly after. Indira Gandhi saw taxation as an important mechanism to balance income and wealth. Based on this, in February 1970, he presented the budget in Parliament and addressed it. Social welfare was the theme of the budget. Since the green revolution was taking place, various announcements related to the agriculture sector were included in the budget. A huge sum...
Post a Comment
Read more

Emmvee Photovoltaic Power Share Price Target 2030: Is It a Buy?

The renewable energy sector, particularly the solar energy segment, is growing rapidly. If you are looking for long-term growth opportunities in this sector, 'Emmvee Photovoltaic Power' is a company that warrants your attention. Based on recent market studies and financial reports, we outline the company's key operational metrics here and analyze why market analysts recommend it as an excellent long-term investment. Emmvee Photovoltaic Power: Key Stock and Market Metrics As of July 16, 2026, the company’s stock boasts strong fundamentals, supported by robust operating profit margins and excellent capital utilization. Metric | Details / Statistics Current Share Price (as of 16.07.2026): ₹365.35 Market Capitalization: ₹24,696 Crore Analyst Recommendation: Buy Recommended Investment Horizon: 5 years Expected Target Price (by 2030): ₹628.00 A Detailed Look at Financial and Valuation Ratios To understand why analysts are confident that Emmvee Photovoltaic Power will reach a targ...
Post a Comment
Read more

What is the future prediction of Vedanta share in 2026?

To enable investors to choose sectors that align with their preferences, the Vedanta Group has demerged into four separate entities, which were listed on the stock exchange the day before yesterday.  What is the outlook for the four newly listed Vedanta entities over the next six months? Stock market expert Reji Thomas shares his insights regarding their performance and the outlook for the next 3–6 months. Vedanta Aluminium Metal Price: 471 Operations: India’s leading integrated aluminium producer, covering the entire value chain—from bauxite mining and refining to the manufacture of products for sectors such as construction, automotive, power, and packaging. Business Outlook: Driven by large-scale infrastructure, low production costs, and steady demand, this is considered the strongest business among Vedanta's four new entities. Next 3–6 Months: Revenue and market valuation are expected to rise in the coming quarters, supported by international price stability and strong domesti...
Post a Comment
Read more