Top 7 Countries with Highest Demand for Gold

China

[{"selector":"#anim-460a08f4-6a36-4742-8262-414c1bad5b08","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dcbdd82d-e256-4914-8d51-eb605023fa36","keyframes":{"transform":["translate3d(0px, -99.82079%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0e0503af-620b-4e59-b2fd-6db8159b0b7e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-66879da7-a918-429e-bea7-8a6e2c53016a","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] 01 China routinely uses the most gold. Culture, jewelry, and gold bar and coin investment boost its demand.

India

[{"selector":"#anim-af5c06ff-ca75-4479-9de8-ba4a8b0e9955","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-404f81a1-881c-4894-ba82-a557ff8fad0d","keyframes":{"transform":["translate3d(0px, -99.82079%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6f65296e-0dc5-4e42-b176-7dc44e2115dd","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-8e04205f-9afe-4f50-b540-37663252d6b2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 02 Gold jewelry and decorations have long been popular in India. Weddings, festivals, and personal ornamentation boost the country's gold demand.

United States

[{"selector":"#anim-d330fd7a-9e99-4390-b95d-bf5063d41870","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cdf85da5-a99a-4ac8-a822-50008ba4fc6c","keyframes":{"transform":["translate3d(0px, -99.82079%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fd7a92ef-e3fe-4e08-b7ce-3a895b013aa7","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-18af4f5f-04a4-4aa0-9954-fd6493dbd3c6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 03 The US buys gold for jewelry and investment. Americans buy gold bars, coins, and jewelry as a hedge against inflation and a store of wealth.

Germany

[{"selector":"#anim-4d60ef02-8d72-4375-a0bc-63ac6cc38579","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6f2aa4fb-4fda-4d23-97e8-205a44c24c73","keyframes":{"transform":["translate3d(0px, -99.82079%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce32d415-1411-4955-a6e5-13c6f61cf283","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-48f7d4a3-703f-4416-89f3-ce8d6dacb670","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 04 Germany demands gold, especially investment items. During economic uncertainty, investors desire gold's stability and security.

Russia

[{"selector":"#anim-b9f6e491-2e92-4be7-a5e4-f4fe143d4bae","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d95dad24-01a3-41d1-bf3b-c3c70689ac62","keyframes":{"transform":["translate3d(0px, -99.82079%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a039aae2-d972-486f-92f9-6098e25b8c9a","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-25617c90-fd46-44dd-84be-4de7804087b6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 05 Gold demand in Russia has grown significantly. Gold demand is high as the nation diversifies its foreign reserves by buying more of it.

Turkey

[{"selector":"#anim-2a4bdc62-43ba-4472-95fe-a02c1931a579","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-22bcd820-e2a4-4389-87ae-74e6e2bb2b05","keyframes":{"transform":["translate3d(0px, -99.82079%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-66e69a3f-3ebf-403d-b3f7-4833982a83df","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-67f48c40-25dc-4fae-b3cd-31aad27299ac","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 06 Weddings, festivals, and cultural rituals have fuelled gold consumption in Turkey. Turks still like gold jewelry because it symbolizes riches and success.

[{"selector":"#anim-62baba84-afa0-4f0f-b25e-17f57ff20b7a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-212a45fc-e2c3-4892-9aac-7e9ab6586d37","keyframes":{"transform":["translate3d(0px, -99.82079%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bc762d2d-34cc-4063-858d-9b0e818aa946","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-22708eac-6919-4b6d-887a-205a6f717f15","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 07 Middle East and Gulf Cooperation Council (GCC) countries The Middle East, especially the GCC, loves gold. Gold is culturally significant, thus locals want gold jewelry and investment items.