Chart Gallery
30 October, 2024
Chart 1: Gold price surge lifts demand value above US$100bn
Quarterly total gold demand by sector, tonnes*
Chart 1: Gold price surge lifts demand value above US$100bn
Sources: ICE Benchmark Administration, Metals Focus, World Gold Council; Disclaimer
*Data as of 30 September 2024.
Chart 2: Elevated investor interest likely to outweigh the drop in consumer demand and slower central bank buying
Expected change in annual gold demand*
Chart 2: Elevated investor interest likely to outweigh the drop in consumer demand and slower central bank buying
Sources: World Gold Council; Disclaimer
*Data as of 30 September 2024.
Chart 3: Gold price sets multiple records*
Daily gold price in key currencies, indexed to 1 January 2024*
Chart 3: Gold price sets multiple records*
Daily gold price in key currencies, indexed to 1 January 2024*
Sources: Bloomberg, ICE Benchmark Administration, World Gold Council; Disclaimer
*Data to 18 October 2024.
Chart 4: Gold jewellery demand volume sinks while value jumps*
Quarterly gold jewellery consumption, tonnes and value*
Chart 4: Gold jewellery demand volume sinks while value jumps*
Sources: ICE Benchmark Administration, Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer
*Data to 30 September 2024.
Chart 5: India was the clear outperformer in a quarter dominated by record high prices
Y/y change in Q3 gold jewellery demand*
Chart 5: India was the clear outperformer in a quarter dominated by record high prices
Sources: Metals Focus, World Gold Council; Disclaimer
*Data to 30 September 2024.
Chart 6: Global gold ETFs saw inflows as Western investor interest resumed
Quarterly change in global gold-backed ETFs, tonnes*
Chart 6: Global gold ETFs saw inflows as Western investor interest resumed
Sources: Metals Focus, World Gold Council; Disclaimer
*Data as of 30 September 2024.
Chart 7: China and Turkey were major contributors to y/y drop in bar and coin demand, outweighing India’s uplift
Quarterly gold bar and coin demand by country/region, tonnes*
Chart 7: China and Turkey were major contributors to y/y drop in bar and coin demand, outweighing India’s uplift
Sources: Metals Focus, World Gold Council; Disclaimer
*Data as of 30 September 2024.
Chart 8: Central bank demand remains healthy, but likely impacted by higher prices in Q3
Rolling four-quarter central bank net purchases in tonnes*
Chart 8: Central bank demand remains healthy, but likely impacted by higher prices in Q3
Sources: Metals Focus, World Gold Council; Disclaimer
*Data to 30 September 2024
Chart 9: Annual central bank demand increasingly unlikely to match previous two years
Annual central bank net purchases by quarter, tonnes*
Chart 9: Annual central bank demand increasingly unlikely to match previous two years
Sources: Metals Focus, World Gold Council; Disclaimer
*Data as of 30 September 2024
Chart 10: Mine production hit an all-time third quarter high in 2024
Y-t-d mine production in tonnes*
Chart 10: Mine production hit an all-time third quarter higher in 2024
Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer
*Data as of 30 September 2024
Chart 11: Contrasting y/y and q/q regional recycling performance in Q3’24
Y/y and q/q change in recycled gold volumes, tonnes*
Chart 11: Contrasting y/y and q/q regional recycling performance in Q3’24
Sources: Metals Focus, Refinitiv GFMS, World Gold Council; Disclaimer
*Data as of 30 September 2024
Chart 11: Contrasting y/y and q/q regional recycling performance in Q3’24
Sources: World Gold Council, Refinitiv GFMS, Metals Focus; Disclaimer
*Data as of 30 September 2024
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