Top 5 Gold Producing Countries in the World

1. China

Gold production in 2021 (in tonnes): 332.0

Topping the list of the top 15 gold producing countries in the world is China, which is why its zero-Covid policy and struggle to contain the virus even as other countries did a much better job. In March 2023, China discovered a new huge deposit worth $3 billion with reserves of close to 50 tonnes. Demand is continuing to increase as well as the Chinese middle-class is becoming more affluent. In fact, in the country, gold is a gift that is often given to younger members of the family, especially to newborns. Because of the view that gold continues to increase in value, when price falls, purchases in gold as a form of investment increase.

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