Top 10 Most Precious Metals in the World

3. Gold

Price per kg: $75,496.38

The metal that needs no introduction, gold, is a highly sought-after metal with its uses ranging from historic uses like coinage, jewelry, and arts to non-traditional applications across electronics and aerospace due to its durability and conductivity.

Throughout history, there has always been a market for gold. Even if it is not the rarest metal, its scarcity has guaranteed its value to be upheld. In the current times of fast-moving global markets, and floating fiat currencies, gold is seen as a safe investment. The current trading value of this precious metal is $75.5 per gram.

Up until the 1970s, South Africa produced the most gold, but production has decreased since then. South Africa produced 32 million ounces of gold, or two-thirds of the world’s supply, at its peak in 1970, according to Vestact. Today, China, Australia, and Russia are the three countries that produce the most gold.