Chart gallery
28 January, 2022
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*
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*
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*
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*
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*
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*
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*
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*
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*
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 [-]
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