8 Countries With Highest Gold Consumption By Year

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1. China 

Average Per Year Gold Consumption: 819.86 metric tons 

Gold Consumption In 2022: 824.9 metric tons

Gold Consumption in 2021: 993.7 metric tons 

Gold Consumption in 2020: 641.3 metric tons 

China is top amongst the countries with the highest gold consumption by year, averaging at 819.86 metric tons. Moreover, China’s per capita gold consumption is approximately 0.56 grams, which shows a growing wealth for the country’s huge middle class.

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