Demand and supply

Gold’s diverse uses, in jewellery, technology and by central banks and investors, mean different sectors of the gold market rise to prominence at different points in the global economic cycle. This diversity of demand and self-balancing nature of the gold market underpin gold’s robust qualities as an investment asset. 

This is a comprehensive time series of gold demand – broken down by sector and country – and gold supply – broken down by mine production, recycling and producer hedging.


Supply and demand statistics

Data as of

Sources: ICE Benchmark Administration, Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer

Length and Frequency

Quarterly and annual for supply and demand volumes from 2010 up to the most recently available quarter.

Update Schedule

Quarterly updates are published in conjunction with our Gold Demand Trends report.


Demand and supply figures given in both tonnes and US$ value where appropriate. Average quarterly and annual gold spot prices are in US$/oz, unless otherwise specified.