Press release
What's Driving the Gold Bullion Market 2025-2034: Increasing Jewelry Demand Fuels Growth In The Gold Bullion Market
Gold Bullion Market Forecast
The size of the gold bullion market has seen significant expansion in the previous few years and is predicted to increase from $76.58 billion in 2024 to $86.79 billion in 2025. This represents a compound annual growth rate (CAGR) of 13.3%. The surge in growth during the historical period is a result of lowered interest rates, unstable currency values, heightened need for gold as a secure asset, economic instability, and a rise in investment demand.
In the coming years, the gold bullion market is anticipated to experience swift expansion, with its size projected to reach $142.07 billion in 2029, marking a compound annual growth rate (CAGR) of 13.1%. This expected growth during the forecast period can be tied to the consistent demand for gold in jewelry and industrial sectors, escalating retail consumer demand, the surge in gold jewelry preference among men, its increasing fame, and evolving lifestyle preferences. Significant trends to watch in the forecast period encompass technological progress, fluctuations in inflation and interest rates, advancements in mining technology, an intensified focus on environmental, social, and governance (ESG) factors, and alterations in mining regulations.
What Is Stimulating Growth in the Gold Bullion Market?
The anticipated surge in the demand for jewelry is set to boost the expansion of the gold bullion market. Jewelry, commonly comprised of precious materials such as gold, is worn for personal embellishment. The escalating demand for jewelry is influenced by the rising consumer inclination towards luxurious items and investment in high-worth assets. Gold bullion offers a top-quality, pure gold base for creating long-lasting and appealing jewelry due to its innate value and flexibility. For example, as per the data released by the World Gold Council, an international trade group in the UK for the gold industry, the global demand for gold jewelry increased from 2,089 metric tons in 2022 to 2,093 metric tons in 2023. This escalation culminated in an 8% increase in value, hitting a record of US$131 billion. Thus, the ascending demand for jewelry is fueling the expansion of the gold bullion market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18377&type=smp
Which Businesses Are at the Forefront of Gold Bullion Market Development?
Major companies operating in the gold bullion market are Zijin Mining Group Co. Ltd., Perth Mint, Johnson Matthey, Mitsubishi Materials, Newmont Corporation, Barrick Gold Corporation, Shandong Gold Mining Co. Ltd., Agnico Eagle Mines Limited, AngloGold Ashanti Ltd., PJSC Polyus, Kinross Gold Corporation, Goldcorp Inc., Royal Canadian Mint, Fresnillo PLC, Yamana Gold Inc., Randgold Resources Limited, Eldorado Gold Corporation, Alamos Gold Inc., APMEX Inc., Elemetal LLC., Ohio Precious Metals, Valcambi Suisse, Argor-Heraeus
What Are the Latest Innovations in the Gold Bullion Market?
Companies that are leading the gold bullion market currently are emphasizing on creating novel approaches, like tokenized physical gold trading, to increase convenience and liquidity for their investors. Tokenized physical gold trading points to the application of blockchain technology in formulating digital tokens which symbolize ownership of physical gold, making trading more safe and comfortable. A notable example is from December 2023, where HSBC Holding Plc, a financial service firm based in the UK, introduced the HSBC Gold Token, a tokenized gold product aimed at retail investors in Hong Kong. This move showcases a significant enhancement in ease of access, allowing consumers to acquire part ownership of physical gold through digital tokens noted down on a distributed ledger. The aim is to get ordinary individuals to invest in gold by offering a controlled and versatile choice.
How Is the Gold Bullion Market Segmented?
The gold bullion market covered in this report is segmented -
1) By Type: Gold Bars, Gold Bullion Coins
2) By Application: Information Technology (IT)-Related Electrically Conductive Materials, Jewelry Materials, Dental Alloy Materials, Investment Commodities
3) By Distribution Channel: Online, Offline
Subsegments
1) By Gold Bars: Cast Bars, Minted Bars
2) By Gold Bullion Coins: Standard Bullion Coins, Commemorative Bullion Coins
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/gold-bullion-global-market-report
Where Is the Gold Bullion Market Growth Most Prominent?
Asia-Pacific was the largest region in the gold bullion market in 2023. The regions covered in the gold bullion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Gold Bullion Global Market Report?
- Market Size Analysis: Analyze the Gold Bullion Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Gold Bullion Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Gold Bullion Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Gold Bullion Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18377
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What's Driving the Gold Bullion Market 2025-2034: Increasing Jewelry Demand Fuels Growth In The Gold Bullion Market here
News-ID: 3862330 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Gold
Gold Concentrate Market Is Going to Boom | Major Giants - Barrick Gold, Gold Fie …
HTF MI just released the Global Gold Concentrate Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major Manufacturers are covered:
Barrick Gold (CAN), Newmont (US), AngloGold Ashanti…
Gold Mining Market - Key Players & Qualitative Insights 2025 | Gold Corp, Barric …
Global Gold Mining Market: Overview
A variety of techniques are typically used to obtain gold from gold ores in the ground. They are: placer mining, sluicing, gold panning, dredging, hard-rock mining, rocker box, and by product mining. Gold mining has been carried out since ages and is a flourishing market even today. The high demand for gold as a potential mode of investment and the use of gold for making jewelry…
Global Gold Mining Market to 2025: Newmont Mining, Gold Reserve, Royal Gold, Hom …
Researchmoz added Most up-to-date research on "Global Gold Mining Market Insights, Forecast to 2025" to its huge collection of research reports.
This report researches the worldwide Gold Mining market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Gold Mining breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth…
Gold Metals Market Demands with Major Quality Things: Pure Gold, Mixed Color Gol …
Gold Metals Market By Product (Pure Gold, Mixed Color Gold, Color Gold and Other Products) and Application (Luxury Goods, Automotive, Electronics and Other Applications) - Global Industry Analysis And Forecast To 2025.
Industry Outlook:
The gold is an element having the symbol Au (from the Latin name: aurum) and the atomic number been 79, making it the element with higher atomic number that happen normally. In the most pure form, it is…
Gold Mining Market Highlights On Product Demand 2025 | Gold Corp, Barrick Gold
Global Gold Mining Market: Overview
A variety of techniques are typically used to obtain gold from gold ores in the ground. They are: placer mining, sluicing, gold panning, dredging, hard-rock mining, rocker box, and by product mining. Gold mining has been carried out since ages and is a flourishing market even today. The high demand for gold as a potential mode of investment and the use of gold for making jewelry…
Gold Mining Market - Heightened demand 2025 | Gold Corp, Barrick Gold
Global Gold Mining Market: Overview
A variety of techniques are typically used to obtain gold from gold ores in the ground. They are: placer mining, sluicing, gold panning, dredging, hard-rock mining, rocker box, and by product mining. Gold mining has been carried out since ages and is a flourishing market even today. The high demand for gold as a potential mode of investment and the use of gold for making jewelry…
