Precious Metal Market is expected to reach US$ 300.3 million by 2031 | Major Companies - Newmont Corporation, Barrick Gold Corporation, Norilsk Nickel.

Market Size and Growth:

The Global Precious Metal Market Size reached US$ 209.4 billion in 2023 and is expected to reach US$ 300.3 million by 2031, growing with a CAGR of 5.2% during the forecast period 2024-2031. The Market is growing due to rising demand for investment-grade metals and increased industrial applications in electronics and automotive sectors. According to DataM Intelligence Report.

Get a Free Sample Research PDF: https://datamintelligence.com/download-sample/precious-metal-market?sz

The Precious Metal Market refers to the global industry involved in the production, trading, and investment of metals with high economic value, such as gold, silver, platinum, and palladium. It encompasses mining, refining, jewelry, industrial applications, and investment assets. Market dynamics are influenced by demand, supply, economic trends, geopolitical factors, and technological advancements in extraction and processing.

Industry Recent Developments: United States

✅ November 2025: Gold prices surged significantly, with spot gold reaching record highs above $4,000, driven by economic uncertainty and safe-haven investment demand. Silver also outperformed with steady industrial demand supporting price gains.​

✅ October 2025: The U.S. market experienced a sharp correction in gold and silver prices due to global market jitters but maintained strong fundamentals supporting long-term appreciation. Investor interest in gold ETFs in North America notably increased, surpassing Asian buying volumes for the first time in the decade.​

✅ September 2025: Precious metals saw strong gains over the Labor Day weekend, with gold and silver prices rising notably, backed by investor interest associated with Federal Reserve rate cut anticipation and industrial demand.

Industry Recent Developments: Japan

✅ November 2025: Japan's precious metals market is characterized by strong growth in demand for platinum and silver, especially in jewelry and industrial sectors like electronics and automotive. Regulatory changes emphasize transparency and sustainability with AI-enabled compliance tools being adopted.​

✅ October 2025: Waste material exports surged 43% from August, showing strong industrial activity in precious metals recycling and supply. Japan's platinum jewelry segment continues to grow, supported by domestic consumption and foreign visitor spending.​

✅ September 2025: The market is expected to continue growth driven by investment trends and industrial demand, with platinum group metals being largest revenue contributors and silver showing fastest growth.

Get Customization in the report as per your requirements: https://datamintelligence.com/customize/precious-metal-market?sz

Major Key Players:

Newmont Corporation
Barrick Gold Corporation
Anglo American Platinum Limited
Impala Platinum Holdings Limited
Norilsk Nickel
Wheaton Precious Metals
Polyus Gold International Limited
Kinross Gold Corporation
Sibanye-Stillwater
Royal Gold, Inc.

Market Growth Drivers:

✅ Increasing demand for precious metals as safe-haven investment assets, especially during times of economic uncertainty and inflation concerns. This is amplified by central bank gold purchases and investor portfolio diversification needs.

✅ Rising demand from the jewelry sector, driven by growing disposable incomes, cultural significance, and luxury consumption mainly in emerging markets such as India and China, where gold jewelry demand is deeply embedded in traditions.

✅ Expanding industrial applications, particularly for silver, platinum, and palladium in automotive catalytic converters, electronics, solar energy (photovoltaic cells), green technologies, and fuel cells, which stimulate demand for these metals beyond traditional uses.

Segments Covered in the Precious Metal Market:

By Type: Gold, Silver, Platinum, Palladium, Ruthenium, Rhodium, Iridium, Osmium, Others.

By Application: Jewelry, Electronics, Automotive, Chemicals, Catalysts, Others.

Regional Analysis for Precious Metal Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Buy Now & Get 30% OFF - Grab 50% OFF on 2+ reports: https://www.datamintelligence.com/buy-now-page?report=precious-metal-market

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Precious Metal market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Precious Metal Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Precious Metal market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Precious Metal Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

Unlimited Insights. One Subscription: https://www.datamintelligence.com/reports-subscription

Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Precious Metal market?

➠ Who are the global key manufacturers of the Precious Metal Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Precious Metal market opportunities and threats faced by the vendors in the global Precious Metal Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Precious Metal market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.