$172 billion
Value of global gold-jewelry demand in 2025
That was an 18% increase from 2024, even as the physical volume of jewelry demand declined.
Source: World Gold Council, Gold Demand Trends: Q4 and Full Year 2025, published January 29, 2026.Fine Jewelry Reference
Gold Jewelry Statistics: U.S. and Global Market Data
Recent, source-linked data on gold-jewelry demand, value, supply, and pricing. Last updated September 1, 2026.
At A Glance
What the latest data says about gold jewelry.
Gold-jewelry demand is measured in both value and physical volume. Those measures moved in different directions in 2025: the value of global demand reached a record high while tonnage declined under higher gold prices.
This page brings together the latest full-year market data and the newest U.S. jewelry price reading. It is designed as a straightforward reference for writers, shoppers, and anyone tracking the fine-jewelry market.
1,542.3 tonnes
Global gold-jewelry consumption in 2025
Consumption was down 18% from 1,886.9 tonnes in 2024 as record prices weighed on volume.
Source: World Gold Council, Gold Demand Trends: Q4 and Full Year 2025, data through December 31, 2025.117.3 tonnes
U.S. gold-jewelry demand in 2025
U.S. jewelry demand was 11.1% lower than 2024, when it totaled 131.9 tonnes.
Source: World Gold Council, US Focus Q4 and Full Year 2025, published January 29, 2026.$3,431.50
Average LBMA gold price per ounce in 2025
The annual average was 44% above 2024, following 53 new all-time highs during the year.
Source: World Gold Council, Gold Demand Trends: Q4 and Full Year 2025, data through December 31, 2025.679.3 tonnes
Total U.S. gold demand in 2025
Total U.S. demand rose 140% year over year, led by investment demand rather than jewelry purchases.
Source: World Gold Council, US Focus Q4 and Full Year 2025, published January 29, 2026.1,404.3 tonnes
Global recycled-gold supply in 2025
Recycled supply rose 3% from 2024, despite a 67% increase in the U.S. dollar gold price during the year.
Source: World Gold Council, Gold Demand Trends: Q4 and Full Year 2025, data through December 31, 2025.437 tonnes
Gold demand from U.S. gold-backed ETFs in 2025
Those inflows brought U.S. holdings to a record 2,019 tonnes, showing how strongly investment demand shaped the broader market.
Source: World Gold Council, US Focus Q4 and Full Year 2025, published January 29, 2026.More than 5,000 tonnes
Total global gold demand in 2025
Including over-the-counter demand, this was the first year total global gold demand exceeded 5,000 tonnes.
Source: World Gold Council, Gold Demand Trends: Q4 and Full Year 2025, published January 29, 2026.Methodology And Sources
How to read these figures.
Global and U.S. gold-market figures come from the World Gold Council's full-year 2025 reports. The Council reports jewelry demand in tonnes and its value estimate in U.S. dollars.
Gold-jewelry consumption refers to the amount of gold used in jewelry demand, not the number of pieces sold or the retail revenue of every jewelry store. Price indexes measure change over time, not the price of a specific piece.
- World Gold Council, Gold Demand Trends: Q4 and Full Year 2025, January 29, 2026
- World Gold Council, US Focus Q4 and Full Year 2025, January 29, 2026
Cite this page
Simply Savvy. “Gold Jewelry Statistics: U.S. and Global Market Data.” Updated September 1, 2026. https://simplysavvy.us/gold-jewelry-statistics
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