Do You Know Which Country Is The Largest Producer Of Gold In The World?

Largest Gold Producing Country: Gold has always had a special place in human history due to its strength, stability, and beauty. It is used in technology, jewellery, money and even medical equipment. Countries all over the world compete each year to extract as much gold as they can, boosting the world economy and supply. The metal is valuable everywhere, but not all nations produce it in the same way. In India, at present 24k gold price of 10 grams has crossed above Rs 1 lakh due to various reasons like geopolitical tension, trade uncertainty, lower interest rates and central bank demands.

Some countries have a big advantage because of their sophisticated mining industries and enormous reserves. Others rely on smaller, selective mining operations or imports to meet their needs. We can better understand global economies, trade dependencies, and resource management if we know where gold comes from.

This article will reveal which nation produces the most gold worldwide and who comes in second. We'll also examine India's position in this mineral-rich environment.

Who Is the World’s Largest Gold Producer?

Largest gold-producing country in the world (Image: Canva)

According to the "World Gold Council”, China has been the world's largest producer of gold for many years. It produced about 380 metric tonnes of gold in 2024, which made up about 10–11% of the world's mine production. The country has seen consistent production above 300 tonnes annually, driven by major state-run mining companies and increasing domestic demand. China has remained at the top of the world mining rankings due to its well-established infrastructure.

Well, let us tell you one unit of metric tonnes equals 1000 kilograms. So, 380 metric tonnes equals 3,80,000 kg.

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Who comes in 2nd and 3rd In Producing gold?

Russia and Australia are the world's second and third-largest producers of gold, respectively, closely following China. With about 330 metric tonnes produced in 2024, Russia became the world's second-largest producer of gold. Australia became the third-largest producer of gold, after Russia, with 284 metric tonnes. Both nations are important participants in the global gold scene due to their robust mining industries and substantial reserves.

Where Does India Stand?

India’s gold production is comparatively modest and is not in the list of top gold-producing countries. Annually, India produces only around 1 to 2tonnes of gold, which is just about 0.75% of the total global production. The primary mining activity occurs at the Hutti Gold Mine in Karnataka, and production from such sources remains small compared to major producers.

Use of Gold Worldwide 

1.  Jewellery: Gold is used to make beautiful jewellery like rings, necklaces, and earrings.

2.  Coins and Bars: Gold coins and bars are used as investments and stores of value.

3.  Dentistry: Gold is also used in dentistry for making crowns, bridges, and dentures.

4.  Electronics: It is used in electronics for making connectors, switches, and contacts.

5.  Awards and Medals: Gold is used to make medals and awards for achievements.

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6.  Catalyst: Gold is used as a catalyst in various industrial processes.

7.  Radiation Shielding: Gold is used for radiation shielding in medical and space applications.

8.  Textiles: Gold is used in textiles for making gold threads and embroidery.

9.  Glass and Ceramics: Gold is used in glass and ceramics for making decorative items.

10.  Investment and Reserves: Central banks and investors hold gold as a safe-haven asset and store of value.