Gold Market Data for 2025
New data shows a clear picture of the global gold market in 2025. The total gold supply in the world was around 5,000 tons. Out of this, nearly 3,600 tons came from mining production.
The remaining 1,400 tons came from recycled gold. This recycled gold is the gold that people sell back to the market. So, the total supply stood at 5,000 tons for the year.
Where the Gold Supply Came From
Most of the gold still comes from mines. However, there are very few new gold discoveries happening now. No major new mines are being found. Because of this, gold supply is not increasing in a big way. Recycling plays an important role, but even that cannot create unlimited supply. This means the total supply of gold is mostly stable and not growing much.
Investment Demand is Rising Fast
Out of the total 5,000 tons of supply, almost 2,200 tons were bought for investment. This includes physical gold and gold ETFs. A few years ago, investment demand was around 1,000 to 1,200 tons. Now it has almost doubled. This shows that more people and institutions are buying gold to protect their money.
Jewellery and Central Bank Buying
About 33% of the total supply, which is around 1,638 tons, went into jewellery. Apart from this, central banks bought around 863 tons of gold. Major buyers included the central banks of countries like China and India, including the Reserve Bank of India. Just two or three years ago, central bank buying was only 200 to 300 tons. Now it has increased sharply to more than 800 tons.
Industrial Use and Limited Supply
Around 325 tons, or about 6.5% of the total supply, was used for industrial purposes. Gold is used in electronics, chips, and other high-conductivity items. Even though this share is small, it still adds to total demand. When demand keeps rising but supply does not grow, prices usually move up to balance the market.
What This Means for Gold Prices
The simple equation is clear. Supply is not increasing in a big way, but demand is rising strongly. Investment demand and central bank buying have both gone up sharply. If this demand continues, gold prices may keep moving higher. However, if demand falls suddenly, prices can also correct. So, watching gold demand closely is very important in the coming years.
