Chart gallery

28 January, 2022

Executive summary

 

ETF outflows only exception in robust gold demand recovery in 2021

ETF outflows only exception in robust gold demand recovery in 2021

Global annual demand by sector*

ETF outflows only exception in robust gold demand recovery in 2021
Global annual demand by sector*
*Data to 31 December 2021. Source: Metals Focus, World Gold Council

Sources: Metals Focus, World Gold Council; Disclaimer

* Data to 31 December 2021.

Jewellery

 

Economic recovery and lower price lifted jewellery demand to pre-pandemic levels

Economic recovery and lower price lifted jewellery demand to pre-pandemic levels

Global annual jewellery demand in volume and value terms*

Economic recovery and lower price lifted jewellery demand to pre-pandemic levels
Global annual jewellery demand in volume and value*
*Data to 31 December 2021. Source: ICE Benchmark Administration, Metals Focus, Refinitiv GFMS, World Gold Council

Sources: ICE Benchmark Administration, Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer

*Data to 31 December 2021.

 

Release of pent-up demand in India led to a quarterly record for jewellery in Q4

Release of pent-up demand in India led to a quarterly record for jewellery in Q4

Quarterly Indian jewellery demand*

Release of pent-up demand in India led to a quarterly record for jewellery in Q4
Quarterly Indian jewellery demand*
*Data to 31 December 2021. Quarterly demand data begins Q1 2000. Source: Metals Focus, Refinitiv GFMS, World Gold Council

Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer

*Data to 31 December 2021.

Investment

 

Bar and coin demand jumped to an eight-year high amid high global inflation

Bar and coin demand jumped to an eight-year high amid high global inflation

Annual bar and coin demand by type*

Bar and coin demand jumped to an eight-year high amid high global inflation
Annual bar and coin demand by type*
*Data to 31 December 2021. Source: Metals Focus, Refinitiv GFMS, World Gold Council

Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer

*Data to 31 December 2021.

Central banks

 

Central bank gold demand rebounded off a decade low in 2021

Central bank gold demand rebounded off a decade low in 2021

Annual net purchases by central banks in tonnes*

Central bank gold demand rebounded off a decade low in 2021
Annual net purchases by central banks in tonnes*
*Data to 31 December 2021. Japan’s reported 81t increase in its gold reserves in March 2021 is excluded as this was the culmination of an off-market transaction between two different divisions within the Ministry of Finance. Source: Metals Focus, Refinitiv GFMS, World Gold Council

Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer

*Data to 31 December 2021. Japan’s reported 81t increase in its gold reserves in March 2021 is excluded as this was the culmination of an off-market transaction between two different divisions within the Ministry of Finance.

 

2021 saw a broad range of central bank buyers, including developed market banks

2021 saw a broad range of central bank buyers, including developed market banks

Individual central bank net purchases and sales in tonnes*

2021 saw a broad range of central bank buyers, including developed market banks
Individual central bank net purchases and sales in tonnes*
* Data to 31 December 2021 where available. Includes annual net purchases/sales of at least one tonne. Japan's reported 81t increase in its gold reserves in March 2021 has been excluded as this was the culmination of an off-market transaction between two different divisions within the Ministry of Finance. **Estimated. Source: IMF IFS, Respective Central Banks, World Gold Council

Sources: IFS, International Monetary Fund, Respective central banks, World Gold Council; Disclaimer

*Data to 31 December 2021 where available. Includes annual net purchases/sales of at least one tonne. Japan’s reported 81t increase in its gold reserves in March 2021 has been excluded as this was the culmination of an off-market transaction between two different divisions within the Ministry of Finance.

** Estimated

Technology

 

Technology sector recovered rapidly from the pandemic, driven by strong electronics demand

Technology sector recovered rapidly from the pandemic driven by strong electronics demand

Annual technology demand by sub-sector*

Technology sector recovered rapidly from the pandemic driven by strong electronics demand
Annual technology demand by sub-sector*
*Data to 31 December 2021. Source: Metals Focus, Refinitiv GFMS, World Gold Council

Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer

*Data to 31 December 2021.

Supply

 

Mine production recovered partially in 2021 but remained below peak

Mine production recovered partially in 2021 but remained below peak

Global annual mine production*

Mine production recovered partially in 2021 but remained below peak
Global annual mine production*
*Data as of 31 December 2020. For an explanation of global mine production, please see the Notes and definitions. Source: Metals Focus, Refinitiv GFMS, World Gold Council

Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer

*Data as of 31 December 2020. For an explanation of global mine production, please see the Notes and definitions.

 

Recycling fell 9% in 2021 to levels not seen for three years

Recycling fell 11% in 2021 to levels not seen for three years

Global annual recycling and gold price*

Recycling fell 11% in 2021 to levels not seen for three years
Global annual recycling and gold price*
*Data to 31 December 2021. For an explanation of global recycled gold, please see the Notes and definitions. Source: ICE Benchmark Administration, Metals Focus, Refinitiv GFMS, World Gold Council

Sources: ICE Benchmark Administration, Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer

*Data to 31 December 2021. For an explanation of global recycled gold, please see the Notes and definitions.

Important disclaimers and disclosures [+]Important disclaimers and disclosures [-]