Gold is the most malleable metal. It is dense, soft and ductile and its properties remain without tarnishing when exposed to air or water.
Due to its unique properties and luster, gold has found applications in fabrication, jewelry, coinage and dentistry.
in East Asia rose by 40%, led by strong gains in China. In response to lower gold prices, jewelry demand saw an 18% year-on-year increase.
declined by 2% in 2013. However total sales of semiconductors reached a record high, surpassing $300 billion in sales for the first time, increasing 45% on the previous year.
posted strong growth, reaching a record high of 297 tonnes. Physical bar investment increased by 33% to a fresh record of 1,377 tonnes.
use of gold was 36 tonnes. in 2013, 6% lower than 2012.
demand increased by 1% in 2013, strengthened principally by demand from India and the Americas.
Supply & Demand
|Net Hedging Supply||-234||-106||11||-40||-48|
|(+) Industrial Fabrication||414||469||458||415||409|
|Of which Electronics||275||326||320||284||279|
|Of which Dental & Medical||53||48||43||39||36|
|Of which Other Industrial||87||95||95||92||93|
|Net Official Sector||-34||77||457||544||409|
|(+) Retail Investment||825||1,229||1,569||1,357||1,778|
|Of which Bars||536||935||1,242||1,036||1,377|
|Of which Coins||289||295||327||321||401|
|ETF Inventory Build||623||382||185||279||-880|
|Exchange Inventory Build||39||54||-6||-10||-99|
2013 Gold Demand (Tonnes)
Total physical demand rose by 15% in 2013 as higher jewelry offtake and retail investment countered the drop in industrial demand and was bolstered by net official sector buying.
2013 Physical Demand by Region (Tonnes)
|Rest of World||1,573|
Consumption per Capita Rank
Gold Supply (Tonnes)
Mine Supply by Region (Tonnes)
Gold Production by Region (Tonnes)
Total identifiable investment, which includes physical bar investment, coins and ETF inventory build, fell by 45% in 2013.
Source: GFMS Gold Survey 2014