According to Fortune Business Insights, The global gold market size was valued at USD 276.04 billion in 2023. The market is expected to grow from USD 291.68 billion in 2024 to USD 457.91 billion by 2032, recording a CAGR of 5.8% during the forecast period. Asia Pacific dominated the gold market with a market share of 66.25% in 2023.

Fortune Business Insights™ displays this information in a report titled, "Gold Market, 2024-2032."

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LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Agnico Eagle Mines Limited (Canada)
• FURUKAWA CO., LTD (Japan)
• Harmony Gold Mining Company Limited (South Africa)
• Kinross Gold Corporation (Canada)
• Barrick Gold Corporation (Canada)
• Gold Fields Limited (South Africa)
• Newmont (U.S.)
• Agnico Eagle (Canada)
• Polyus (Russia)
• AngloGold Ashanti (South Africa)
• Pan American Silver (Canada)

Segmentation:

Rapidly Changing Fashion Trends Increased Product Use in Jewellery Fabrication

Based on application, the market is classified into jewellery fabrication, technology, investments, and central banks. The jewellery fabrication segment captured the biggest gold market share in 2023 as several regions across the world are witnessing a rapid change in fashion trends. The increasing consumer preference for personalized and unique jewellery has compelled market players to launch customized and elegant pieces that suited their customers’ tastes. Moreover, several customers are also opting for heirloom, handmade, and vintage jewellery, which will further boost the use of this metal in jewellery fabrication processes.

With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.