Gold Bullion Global Market Report 2024

Description

Gold bullion refers to gold in bulk form, often cast into bars or minted into coins, and valued primarily by its weight and purity rather than by any collectible or numismatic value. It is commonly used as an investment and a store of value, and is held by investors, institutions, and governments.

The main types of gold bullion include gold bars and gold bullion coins. Gold bars are physical gold products created by refining and molding gold into rectangular shapes, available in various sizes and weights, with higher purity levels typically indicated by stamps from the mint or refiner. Gold bullion is used in several applications such as in IT-related electrically conductive materials, jewelry, dental alloys, and as investment commodities. Distribution channels for gold bullion include both online and offline methods.

The gold bullion market research report is one of a series of new reports from The Business Research Company that provides gold bullion market statistics, including the gold bullion industry's global market size, regional shares, competitors with a gold bullion market share, detailed gold bullion market segments, market trends and opportunities, and any further data you may need to thrive in the gold bullion industry. This gold bullion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The gold bullion market size has grown rapidly in recent years. It will grow from $67.75 billion in 2023 to $76.58 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth during the historic period can be attributed to several factors, lower interest rates, currency fluctuations, rising demand for gold as a safe-haven asset, economic uncertainty, and increased investment demand.

The gold bullion market size is expected to see rapid growth in the next few years. It will grow to $125.72 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The anticipated growth during the forecast period can be attributed to several factors, persistent demand for gold in jewelry and industrial applications, rising interest from retail consumers, increasing adoption of gold jewelry among men, and evolving lifestyle choices. Major trends expected to shape the forecast period include advancements in technology, inflation and interest rate fluctuations, improvements in mining technology, a growing focus on environmental, social, and governance (ESG) criteria, and changes in mining regulations.

The increasing demand for jewelry is expected to drive the growth of the gold bullion market. Jewelry, which includes decorative items made from precious metals such as gold, is seeing a rise in demand due to a growing consumer preference for luxury items and investments in high-value assets. Gold bullion, known for its purity and malleability, is an ideal material for making durable and attractive jewelry. For example, data from the World Gold Council, a UK-based trade organization for the gold industry, revealed that global gold jewelry demand increased from 2,089 metric tons in 2022 to 2,093 metric tons in 2023. This growth led to an 8% rise in value, reaching a record US$131 billion. Thus, the increasing demand for jewelry is contributing to the growth of the gold bullion market.

Companies in the gold bullion market are focusing on innovative solutions, such as tokenized physical gold trading, to improve accessibility and liquidity for investors. Tokenized physical gold trading uses blockchain technology to create digital tokens that represent ownership of physical gold, facilitating easier and more secure trading. For instance, in December 2023, HSBC Holding Plc, a UK-based financial services company, introduced the HSBC Gold Token, a tokenized gold product for retail investors in Hong Kong. This development allows customers to buy fractional ownership of physical gold through digital tokens on a distributed ledger, providing a regulated and flexible investment option.

In November 2023, Newmont Corporation, a US-based gold mining and exploration company, acquired Newcrest Mining Limited for $16.8 billion. This acquisition enhances Newmont's portfolio by combining it with Newcrest's holdings, which include over half of the world's Tier 1 gold mines. The merger aims to optimize operations and improve sustainability practices across the newly formed entity. Newcrest Mining Limited is an Australian gold production company.

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

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.

The countries covered in the gold bullion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The gold bullion market consists of sales of gold rounds and gold ingots. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Gold Bullion Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on gold bullion market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Where is the largest and fastest growing market for gold bullion ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The gold bullion market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered: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
Companies Mentioned: Zijin Mining Group Co. Ltd.; Perth Mint; Johnson Matthey; Mitsubishi Materials; Newmont Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r19691

1. Executive Summary

2. Gold Bullion Market Characteristics

3. Gold Bullion Market Trends And Strategies

4. Gold Bullion Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Gold Bullion Market Size and Growth

5.1. Global Gold Bullion Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Gold Bullion Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Gold Bullion Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Gold Bullion Market Segmentation

6.1. Global Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Gold Bars
Gold Bullion Coins
6.2. Global Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Information Technology (IT)-Related Electrically Conductive Materials
Jewelry Materials
Dental Alloy Materials
Investment Commodities
6.3. Global Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Online
Offline

7. Gold Bullion Market Regional And Country Analysis

7.1. Global Gold Bullion Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Gold Bullion Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Gold Bullion Market

8.1. Asia-Pacific Gold Bullion Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Gold Bullion Market

9.1. China Gold Bullion Market Overview
9.2. China Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Gold Bullion Market

10.1. India Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Gold Bullion Market

11.1. Japan Gold Bullion Market Overview
11.2. Japan Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Gold Bullion Market

12.1. Australia Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Gold Bullion Market

13.1. Indonesia Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Gold Bullion Market

14.1. South Korea Gold Bullion Market Overview
14.2. South Korea Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Gold Bullion Market

15.1. Western Europe Gold Bullion Market Overview
15.2. Western Europe Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Gold Bullion Market

16.1. UK Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Gold Bullion Market

17.1. Germany Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Gold Bullion Market

18.1. France Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Gold Bullion Market

19.1. Italy Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Gold Bullion Market

20.1. Spain Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Gold Bullion Market

21.1. Eastern Europe Gold Bullion Market Overview
21.2. Eastern Europe Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Gold Bullion Market

22.1. Russia Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Gold Bullion Market

23.1. North America Gold Bullion Market Overview
23.2. North America Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Gold Bullion Market

24.1. USA Gold Bullion Market Overview
24.2. USA Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Gold Bullion Market

25.1. Canada Gold Bullion Market Overview
25.2. Canada Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Gold Bullion Market

26.1. South America Gold Bullion Market Overview
26.2. South America Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Gold Bullion Market

27.1. Brazil Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Gold Bullion Market

28.1. Middle East Gold Bullion Market Overview
28.2. Middle East Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Gold Bullion Market

29.1. Africa Gold Bullion Market Overview
29.2. Africa Gold Bullion Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Gold Bullion Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Gold Bullion Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Gold Bullion Market Competitive Landscape And Company Profiles

30.1. Gold Bullion Market Competitive Landscape
30.2. Gold Bullion Market Company Profiles
- 30.2.1. Zijin Mining Group Co. Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Perth Mint
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Johnson Matthey
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Mitsubishi Materials
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Newmont Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Gold Bullion Market Other Major And Innovative Companies

31.1. Barrick Gold Corporation
31.2. Shandong Gold Mining Co. Ltd.
31.3. Agnico Eagle Mines Limited
31.4. AngloGold Ashanti Ltd.
31.5. PJSC Polyus
31.6. Kinross Gold Corporation
31.7. Goldcorp Inc.
31.8. Royal Canadian Mint
31.9. Fresnillo PLC
31.10. Yamana Gold Inc.
31.11. Randgold Resources Limited
31.12. Eldorado Gold Corporation
31.13. Alamos Gold Inc.
31.14. APMEX Inc.
31.15. Elemetal LLC.

32. Global Gold Bullion Market Competitive Benchmarking

33. Global Gold Bullion Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Gold Bullion Market

35. Gold Bullion Market Future Outlook and Potential Analysis

35.1 Gold Bullion Market In 2028 - Countries Offering Most New Opportunities
35.2 Gold Bullion Market In 2028 - Segments Offering Most New Opportunities
35.3 Gold Bullion Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer