8 Countries With Highest Gold Consumption By Year

3. United States 

Average Per Year Gold Consumption: 235 metric tons

Gold Consumption In 2022: 256 metric tons

Gold Consumption in 2021: 264 metric tons

Gold Consumption in 2020: 187 metric tons 

The USA is the 3rd largest consumer of gold in the world 2023 with the metal’s average demand of approximately 235 metric tons, according to the World Gold Council. Moreover, the country’s per capita gold usage is 0.77 grams, used mostly in jewelry making and as investment.