Economy, Finance, Infographics, Lifestyle

The Global Gold Market [Infographic]

Gold continues to be one of the world’s most valuable commodities and it is one which has a plethora of uses, ranging from jewellery to dental enhancements to currency. It is also widely used for investments and Exchange Trade Funds, and latest figures from the World Gold Council show that there is a global gold demand of more than $42.6 billion and almost 1,000 tonnes.

It is interesting to analyze the data in detail and decipher how exactly the world’s gold is distributed according to its various demands. It’s also interesting to pinpoint the most prominent trends in the global gold market, such as the rising price of the commodity and massive demand for investment, which contrasts sharply with the decreasing demand for jewellery. The situation in India is worth monitoring, too, with the government’s ambitions to improve transparency impacting heavily on gold demand in the country.

This infographic from Eazy Cash looks at the current state of the world’s gold industry, specifying the categorization of demand for the commodity and the countries with the highest demand and production of gold. It offers a fascinating overview of how the world’s gold is distributed and regarded.

Overview of the Global Gold Market

Gold has gone from the most trusted investment in the past to an almost exclusive matter of status. Are you a regular buyer of gold jewellery? Do you invest in gold bonds? Tell us about it in the comments below. Don’t forget to rate and share this post with your friends.

 

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