Gold Demand in 2025: Gold in 2025 is more than a valuable metal. It’s the global finance stabiliser. These five nations are at the forefront, leading the way, and reasserting gold’s timeless appeal in a world of uncertain economic times.
India continues to lead the list among the biggest gold consumers in 2025. Gold is ingrained in Indian culture, especially in the home, weddings, parties, and religious rituals. Apart from tradition, Indian investors are similarly considering gold as a hedge asset during market uncertainty. Digital gold and ETFs of gold are on the rise, especially among young investors.
China is a mere second in world gold consumption. Its economy stabilizes as reforms persist, and Chinese are investing increasingly in gold as a haven. Central banks and high-value customers are stockpiling increasingly large amounts of gold in their vaults. Jewelry demand remains robust, but an increasing trend towards coins and bars for long-term cover also exists.
The United States continues to lead the way in shaping global gold consumption, nearly exclusively through investment consumption. With economic uncertainty, inflation concerns, and interest rate volatility in control, U.S. investors find themselves reminiscing about gold as a hedging alternative. Gold-backed exchange-traded funds and futures remain fashionable, while central banks quietly added to their reserves in the form of strategic diversification.
Turkey’s volatile currency and inflationary environment have witnessed gold act as a haven for Turkish investors. Turkey experienced a massive amount of gold purchasing in 2025, both as direct investments and as a result of government-sponsored gold savings schemes. Gold is also widely used in routine business and features prominently in Turkish savings culture, which has helped it enter the top five.
Also Read: Best Investment Choices for Gold in India: Digital, ETFs, or Physical?
Despite global sanctions, Russia has increased significantly its gold reserves in 2025. Gold is a vital instrument in guarding its economy and currency from external pressure in the international market. With reduced reliance on the U.S. dollar, Russia considers gold as a long-term stability asset.