The beautiful, shiny and soft metal is the demand of every human being on earth. Gold has fascinated most cultures around the world, viewed by most people as a symbol of wealth and prosperity. Its production is now gone global, with 90 countries presently mining for the valuable metal. However, top 20 gold-producing countries meet 75% of global demand each year. It is considered as safe investment in the world. Its demand is continuously increasing since it is now being used in watches, rings, necklaces, earrings ans as an investment. If price decrease, demand for gold products go high because people buy it as an investment to gain from price fluctuation.It is found in different countries of the world, from South Africa and Australia to Russia and Peru. More than 60 % of global production are contributed by top ten largest producers. Economists consider it as standard for monetary policies and most countries tie the value of their currency to gold. In 2012, companies output was 2,700 tons, according to the US Geological Survey. Let’s take a look at the Top 10 Gold Producing Countries in the World.
Top 10 Largest Producers of Gold In the World
| Rank | Country | Annual Production 2012 (tons) |
|---|---|---|
| 1. | China | 403 |
| 2. | Australia | 253 |
| 3. | United States | 230 |
| 4. | Russia | 205 |
| 5. | South Africa | 170 |
| 6. | Peru | 165 |
| 7. | Ghana | 119 |
| 8. | Canada | 102 |
| 9. | Indonesia | 95 |
| 10. | Uzbekistan | 90 |
China is the world’s largest producer of Gold with annual supply of 403 tons in 2012. Its output increased by 100% since 2003, ranked as global leader since 2007. Zijin Mining Group is the largest producer of china. It is also the top consumer of gold. The country accounted for 13.7% of the global production in 2012. Most of its production is taking place in Shandong. Its annual production is continuously increasing that pulled hundreds of millions of people out of poverty.
Australia is the second largest producer of gold in the world with annual supply of 253 tons in 2012, contributed 9.31% of global output. Western Australia contributes 70% of country’s supply. It has total reserves of 7,400 tons (13.7% of world’s reserves). It is one of the country’s top exports, which generate more than $14 billion annually.
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