Gold supply and demand
A barrage of policy initiatives aimed at purging India of black money and instilling greater transparency rocked India’s economy last year, including its gold market. Read our latest market update to learn more.
Welcome to the winter edition of Gold Investor, where leading market participants assess the relevance of gold against a backdrop of persistent geopolitical turmoil.
The World Gold Council’s leading industry publication on gold demand trends, analysed by both sector and geography for the fourth quarter and full year 2016.
The World Gold Council has conducted a study to assess the current state of hallmarking in India.
Our intention was threefold:
- To evaluate the existing hallmarking system
- To stimulate debate around how best to strengthen hallmarking processes
- To demonstrate the benefits of an effective hallmarking infrastructure.
Mined for more than 5,000 years, gold’s economic and cultural significance as a sign of status, a store of value and a mechanism of exchange, remains, while new diverse uses for gold, as the basis of investment products and cutting-edge technology, have emerged.
The diverse uses for gold, in jewellery and technology and by central banks and investors, mean that across decades different sectors in the gold market have risen in prominence at different points in the global economic cycle. This means that, typically, there is a sustained base level of demand.
Today, no single country accounts for more than 14 per cent of world production. While its rarity endures, the sources of gold have become as geographically-diverse as gold demand.
Read more about the global distribution of mining output and the significance of recycled gold in meeting global gold demand.