Consumption


The consumption of gold produced in the world is about 50% in jewelry, 40% in investments, and 10% in industry.
India is the world's largest single consumer of gold, as Indians buy about 25% of the world's gold, purchasing approximately 800 tonnes of gold every year, mostly for jewelry. India is also the largest importer of gold; in 2008, India imported around 400 tonnes of gold. Indian households hold 18,000 tonnes of gold which represents 11 per cent of the global stock and worth more than $950 billion.

Country20102009% Change
Gold jewellery consumption by country (in Tonnes).
 India745.70442.37+69
Greater China428.00376.96+14
 United States128.61150.28-14
 Turkey74.0775.16-1
 Saudi Arabia72.9577.75-6
 Russia67.5060.12+12
 United Arab Emirates63.3767.60-6
 Egypt53.4356.68-6
 Indonesia32.7541.00-20
 United Kingdom27.3531.75-14
Other Gulf Countries21.9724.10-10
 Japan18.5021.85-15
 South Korea15.8718.83-16
 Vietnam14.3615.08-5
 Thailand6.287.33-14
Total1805.601508.70+20
Other Countries254.0251.6+1
World Total2059.61760.3+17