Andrey Litvinov

The global demand for gold and silver showcases significant regional variations, driven by cultural preferences, economic conditions, and industrial advancements.

In the third quarter of 2024, global demand for gold hit record levels, showing a 5% year-over-year increase to a total of 1,313 tons. The value of this demand exceeded $100 billion for the first time, reflecting rising interest in gold amid economic and geopolitical uncertainties. This analysis examines the factors driving gold demand in major markets, including China, India, the United States, and Europe.