Global Gold Bullion Market

Gold Bullion Market Size, Share, Growth Analysis, By Type(Gold bar, Gold Coin), By Distribution Channel(Online, Offline) - Industry Forecast 2024-2031


Report ID: SQMIG15L2002 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 61 | Figures: 75

Gold Bullion Market Dynamics

Gold Bullion Market Driver

  • Economic uncertainty: There is a lot of economic uncertainty in the world today, and gold is seen as a safe haven asset. When investors are worried about the economy, they tend to buy more gold.
  • Geopolitical tensions: Geopolitical tensions around the world have been on the rise in recent years, and this has increased demand for gold as well. Gold is seen as a safe haven asset during times of political turmoil.
  • Central bank buying: Central banks around the world have been buying more gold in recent years, which has helped drive up demand for gold bullion market. Many central banks see gold as a way to diversify their reserves and protect against economic uncertainty.
  • Jewelry demand: Gold jewelry remains popular around the world, especially in Asia where demand is very strong. This helps support prices even when other types of demand are weak.
  • Industrial uses: Gold is used in a variety of industries including electronics, dentistry, and aerospace engineering. As industrial activity increases, so does demand for gold.
  • ETFs and other investments: Exchange-traded funds (ETFs) that invest in gold

Gold Bullion Market Restraint

  • Global economy is still shaky, and people are not spending as much money as they used to.
  • Federal Reserve is printing more money, which is pushing up the value of other currencies and diminishing the purchasing power of gold
  • Technology is advancing rapidly, and people are using more electronic options for transactions. In fact, increased number of vendors have been targeting the consumers through digital media and creating scope for buying digital gold, which is more likely to have a negative impact on the global gold bullion market in the years to come.
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FAQs

Gold Bullion Market is valued at USD 47.06 billion in 2019 and expected to grow from USD 52.75 billion to a market size of 131.55 billion by 2031 at a CAGR of 12.10% during the forecast period (2024-2031)

Gold bullion is a highly sought-after commodity, and as such, companies are always looking for ways to gain an edge in the gold bullion market. One way that companies compete in the gold bullion market is by offering investors a variety of options when it comes to purchasing gold. For example, some companies may offer gold bullion coins while others may offer bars or ingots. This variety allows investors to choose the option that best suits their needs and preferences. 'PJSC Polyus', 'Barrick Gold Corporation', 'Newmont Corporation', 'AngloGold Ashanti Ltd.', 'Kinross Gold Corporation', 'Newcrest Mining Limited', 'Goldcorp Inc.', 'Agnico Eagle Mines Limited', 'Sibanye-Stillwater', 'Harmony Gold Mining Company Limited', 'Randgold Resources Limited', 'Cia de Minas Buenaventura S.A.A.', 'Gold Fields Limited', 'Shandong Gold Mining Co., Ltd.', 'Zijin Mining Group Co., Ltd.', 'Fresnillo PLC', 'Yamana Gold Inc.', 'Kinross Gold Corporation', 'Alamos Gold Inc.', 'Eldorado Gold Corporation'

Economic uncertainty: There is a lot of economic uncertainty in the world today, and gold is seen as a safe haven asset. When investors are worried about the economy, they tend to buy more gold.

There has been an increase in economic uncertainty which has led to investors seeking safe haven assets such as gold. This has resulted in increased demand for gold and consequently higher prices, thus, giving impetus to the gold bullion market.

Asia Pacific to continue dominating the gold bullion market. Asia Pacific region accounted for 36% of gold demand in 2016. The growth of the Asian economies has led to increased gold demand, as investors seek safe havens and alternative investments. The demand for gold in Asia Pacific is driven by a number of factors. One reason is the stability of the region's economies and currencies, which are some of the strongest in the world. Investors also view gold as a safe haven investment option in times of uncertainty. In addition, the increasing consumption of luxury goods in Asia Pacific countries such as India and China has fueled demand for gold bullion as an investment vehicle for purchasing these items.

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Global Gold Bullion Market

Product ID: SQMIG15L2002

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