Top 10 Countries With The Highest Demand For Gold Jewellery In 2025

Top 10 Countries With The Highest Demand For Gold Jewellery: Gold is a precious metal that people purchase for investment, decoration or cultural purposes and gold jewellery has always had a special place in many cultures around the world. The demand for gold is still rising in 2025 because more people view it as a wise investment in addition to a lovely ornament. Buying gold is frequently most popular in nations with strong traditions, festivals and wedding customs. In unpredictable times like inflation or market volatility, it is also regarded as a secure financial asset.

Nations like India and China continue to be the top two consumers of the metal because of their strong cultural ties to gold. In these nations, people purchase gold for weddings, religious ceremonies and festivals. Gold is popular for both fashion and savings in nations like Saudi Arabia, Turkey and the United States. In nations like the United Arab Emirates, Russia, and Iran, where gold is used as a symbol of wealth, security and tradition, demand is also growing.

Top 10 Countries With High Demand For Gold Jewellery In 2025

In this article, we have listed the top 10 countries with the highest gold jewellery demand in 2025, based on updated figures from the first quarter of the year, according to the data of the “World Gold Council.” These countries play a big role in shaping global gold trends, and their love for gold shows no signs of slowing down. 

Source: World Gold Council (Q1 = Quarter 1, that is January, February and March)

Countries By Annual Gold Consumption In 2024

1. India (563.4 tonnes)

Countries with the highest demand for Gold Jewellery (Image: Canva)

India’s love for gold is well known. From weddings to festivals like Diwali and Akshaya Tritiya, gold is both a traditional and emotional purchase. Rural demand, religious customs, and gold’s role as a financial asset keep India's demand consistently high.

2. China (479.1 tonnes)

China continues to be the largest consumer of gold jewellery in the world. Gold is deeply rooted in Chinese culture and is seen as a symbol of luck, wealth, and status. With a growing middle class and increasing wedding celebrations, demand for gold jewellery remains strong.

3. United States (132 tonnes)

In the U.S., gold jewellery is popular for personal style, gifting, and long-term value. Rising interest in luxury fashion and increased spending on self-expression are key drivers. Economic confidence has also boosted gold purchases.

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4. Saudi Arabia (35 Tonnes)

Countries with the highest demand for Gold Jewellery (Image: Canva)

Gold is a key part of Saudi Arabian culture, especially for weddings, Eid, and gifting. As more women engage in social and public life, gold jewellery is being worn more regularly, leading to growing demand.

5. Turkey (40.9 tonnes)

Turkey has a long history of gold craftsmanship. Gold jewellery is both a fashion statement and an investment. Economic uncertainty and inflation have also encouraged people to buy gold as a way to preserve wealth.

6. UAE (34.7 tonnes)

The UAE is a global gold shopping hub, especially Dubai. Tourists and residents alike invest in gold for its quality and tax-free pricing. Festivals, weddings, and expat demand all contribute to strong sales.

7. Russia (39.4 tonnes)

Countries with the highest demand for Gold Jewellery (Image: Canva)

Despite economic sanctions, gold remains a preferred asset in Russia. People buy jewellery as a store of value and cultural tradition. Rising concerns over inflation and currency value have kept gold in high demand.

8. Iran  (26.7 tonnes)

In Iran, gold jewellery is a traditional form of savings and gifting. It’s often passed down through generations. Economic instability has led many to invest in gold as a safe and secure asset.

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9. Hong Kong (27.9 tonnes)

Hong Kong remains a popular gold market due to its premium designs, high purity, and global accessibility. Local demand and tourist shopping continue to support jewellery sales, especially around Chinese festivals and weddings.

10. Egypt (26.1 tonnes)

Gold in Egypt is deeply tied to family traditions, dowries, and special occasions. Even during tough economic times, people prioritise gold purchases as a cultural and financial priority. Demand grows during marriage seasons and religious events.