GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Gold

The most expensive price ever paid for gold was $4,700 per troy ounce in 2011.

Last Updated: June 23, 2024

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In this post, we will explore a collection of fascinating statistics related to the world of gold, ranging from the most expensive gold prices in different countries to notable records in gold production and sales. From the largest gold reserves held by the U.S. to the most expensive gold coin ever sold, these statistics shed light on the significant role that gold plays in global economies and luxury markets. Let’s dive into the intriguing world of gold statistics.

Statistic 1

"The most expensive gold in the world can be found in Asia, where in India for example, the price per gram can reach as high as $60."

Statistic 2

"The U.S. holds the largest gold reserves in the world, with 8,133.5 tonnes."

Statistic 3

"The average gold price in 2021 was approximately $1,795 per ounce."

Statistic 4

"Gold has contributed up to 3% to the total global mineral production value."

Statistic 5

"The world's most expensive gold coin ever sold was the "1794 Flowing Hair Dollar" for $7.85 million in 2005."

Statistic 6

"The largest gold nugget ever found is the "Welcome Stranger", weighing about 158.78 pounds."

Statistic 7

"Gold represents 0.0011% of the Earth’s total mass."

Statistic 8

"The largest producer of gold in 2020 was China with over 380 metric tons of production."

Statistic 9

"Gold accounts for almost 50% of global demand for luxury jewelry."

Statistic 10

"Saudi Arabia has one of the most expensive gold markets, with prices reaching around 223.25 Saudi Arabian Riyal/gram in 2020."

Statistic 11

"The largest gold coin ever created was the Australian Kangaroo One Tonne Gold Coin, which was sold for $53 million."

Statistic 12

"The most expensive gold watch ever sold is the Patek Philippe Grandmaster Chime, which sold for $31 million."

Statistic 13

"The mining industry is responsible for about 80% of the global gold supply."

Statistic 14

"As of 2018, India holds the record for the most expensive gold shirt, priced at $250,000."

Statistic 15

"The United States produced an estimated 230 tons of gold in 2020."

Statistic 16

"Gold is the third most expensive metal in the world, with a price of about $50 USD per gram."

In conclusion, the statistics presented shed light on various aspects of the global gold market. Asia, particularly India and Saudi Arabia, stands out for having some of the most expensive gold prices, while the U.S. dominates in gold reserves. Gold continues to hold significant value, with its price per ounce remaining high in 2021. The mining industry plays a crucial role in the supply of gold worldwide, with China being the largest producer in 2020. Gold’s allure is evident through its substantial contribution to luxury jewelry demand and the record-breaking prices seen in items such as coins, watches, and even clothing.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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