The report provides a
comprehensive overview of the global and Indian gold market, covering
production leaders, mineable reserves, extraction challenges, usage trends, and
the forward-looking outlook for gold in 2026.
1. 1. Global Gold
Production – Leading Countries:
|
Country |
Annual Production (Tonnes) |
Global Share (%) |
|
China |
≈380 |
≈11% |
|
Russia |
≈310 |
≈9% |
|
Australia |
≈300 |
≈9% |
|
Canada |
≈200 |
≈6% |
|
USA |
≈170 |
≈5% |
2. Global Gold
Reserves (Mineable):
|
Country |
Estimated Reserves (Tonnes) |
Remarks |
|
Australia |
≈10,000 |
Large undeveloped deposits |
|
Russia |
≈6,800 |
State-supported mining |
|
South Africa |
≈5,000 |
Deep & high-cost mining |
|
USA |
≈3,000 |
Nevada-dominated |
|
China |
≈3,000 |
High domestic consumption |
3. Gold Availability & Extraction Complexity:
Approximately 216,000 tonnes
of gold have already been mined globally. It is estimated that only 54,000–70,000
tonnes remain economically extractable with current technology and
pricing. Extraction is becoming increasingly difficult due to declining ore
grades, deeper deposits, higher energy costs, and stricter environmental
regulations.
4. Uses of Gold :
- v
Jewelry & Cultural Demand (largest share)
- v
Investment & Central Bank Reserves
- v
Electronics & Semiconductor
- v
Medical &
Dental Applications
- v
Aerospace & Advanced Technologies
5. India-Specific Perspective & RBI Angle:
India is one of the world’s
largest consumers of gold, driven by jewelry demand, investment demand, and
cultural significance. Domestic gold demand typically strengthens during
wedding seasons and festive periods, providing structural support to prices in
the Indian market.
The Reserve Bank of India (RBI)
has been steadily increasing its gold holdings as part of foreign exchange
reserve diversification. This reflects a broader global trend among central
banks to reduce reliance on fiat currencies and strengthen balance sheets with
tangible assets like gold.
RBI
accumulation, combined with sustained retail demand, enhances gold’s strategic
relevance for Indian investors, particularly during periods of global
uncertainty or currency volatility.
6. Gold Price
Outlook for Indian Investors – 2026:
Today as on 29th Dec 2025 , 24 carat, 10 gm
gold price touched record level of Rs. 1,41,220.00 on MCX, as investors
reacted to global uncertainty and expectations of lower interest rates in the
United States
Market participants tracked signals from the US
Federal Reserve, economic data, and rising geopolitical tensions across several
regions. Safe-haven demand increased as conflicts involving Russia and Ukraine, and tensions between the United States and Venezuela
continued. Analysts say these factors, along with rate cut expectations, are
shaping the gold price outlook for the coming months and into next year.
Gold
is expected to retain its strategic importance in Calendar Year 2026 as a store
of value, portfolio hedge, and sovereign reserve asset. Persistent geopolitical
risks, high global debt, and diversification by central banks - especially in
emerging markets, support a structurally bullish long-term outlook for gold.
While short-term price volatility may occur due to interest-rate and currency
movements, the medium-to-long-term trajectory remains constructive.
Author
Thakur Ajit Singh
Founder
Graded Financial Services - A
Mall of Financial Products and Services,
Quick Turtle - An Executive
Placement firm,
Chairman, Investor & Consumer
Protection, MRCC.
Trainer | Management Consultant
Cell: 8169810833
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