Largest Producers and Consumers of Gold

Gold has come into the limelight since the year 2008 when the recession hit the world, and since gold has touched and breached its previous highs and even now people are bullish about this asset class as euro zone crisis and fear of double dip recession looms over USA.

Since gold has been a profitable investment and it has almost tripled in last 5 years many people are now interested in knowing more about gold as they too want to earn good return from this commodity. Given below are the largest producers and consumers of gold.

Largest Producers of Gold – Gold producing countries have certainly benefited from the rally in gold prices. Given below are top or largest producers of gold in no particular order –

  1. South Africa
  2. China
  3. USA
  4. Australia
  5. Russia

Gold production keeps changing in above countries and that is the reason why above ranking keeps changing every year.

Largest Consumers of gold – Gold is consumed for variety of purposes like for jewelry, industrial production, medicines, investment and so on. Given below are the top or largest consumers of gold in the world –

  1. India, it is the largest consumer of gold in the world.
  2. China
  3. United States
  4. Turkey
  5. Saudi Arabia
0 comments… add one

Leave a Comment


Related pages


public versus private goodsdisadvantages of price skimmingprocess costing meaningdeferred revenue entryreal nominal personal accounts rulesbill discounting meaning with examplemixed economic system advantages and disadvantagesmerit & demerit of internetdefinition of capital reservedisadvantage of joint venturecamels ratingsouth africa mixed economy systemcapitalism and socialism differenceshow to fill out a withdrawal sliptypes of cheques crossingwhat are the advantages and disadvantages of decentralizationrent revenue journal entrybanking advantages and disadvantagesconvenience goods marketingexample of primary industryweaknesses of capitalismsources of long term finance advantages and disadvantagescarriage inwards definitionebit accountingmeaning of barter systembad debts entrypricing strategies advantages and disadvantagesfeatures of a perfectly competitive marketadvantages and disadvantages of a loanpaid rent for the month journal entryfull form of cpiwhat is the difference between a quota and a tariffmerits and demerits of internetwhat is autocratic leadershipadvantages and disadvantages of activity based budgetingnonsystematic riskfullform of tdsadvantages of stable dividend policyplanned economic system advantages and disadvantagesmixed economies advantages and disadvantagesexplain debenturesmixed economy in nigeriathree golden rules of accountingconglomerate diversification definitionadvantage and disadvantage of perfect competitiondirect quotation and indirect quotationcrossing of chequeswhat are the differences between revenue expenditures and capital expenditureseffect of advertisement on monopolistic competitionadvantages of demat accountdisadvantages of mixed economy systemdirect expenses meaningreal nominal personal accounts ruleshorizontal analysis of financial statementunearned income entryadvantages and disadvantages of communism economytariffs vs quotasmulti segment marketing strategyrelationship between bond prices and interest ratesmateriality principle accountingjournal entry for bills payableunearned revenue in balance sheetinferior goods examples in economicsadvantages & disadvantages of globalisationadvantages and disadvantages of bank accountsadvantages and disadvantages of pricing strategiesmeaning of balance sheet in hindimarginal costing in accountingexamples of mixed economy countriesunsystematic risksvertical analysis of balance sheetbarter system in economicsunearned revenue in accountingindustrialization advantagescharacteristics of job order costing systemadvantages of variable costing