Gold has run a remarkable rally throughout 2025, ascending to unprecedented heights. On Tuesday, the spot price set a new all-time record of $3,528.78 per ounce, surpassing its previous high of $3,500.05 from April, as geopolitical tensions roil global markets and investors pile into safe havens.
According to the World Gold Council, Q2 global gold demand rose by 3% year‑on‑year to 1,249 tonnes. On the supply side, the gold market has seen modest but steady growth. Mine production in Q2 reached a record 909 tonnes, contributing to a 3% year‑on‑year increase in total supply.
For the full year, forecasted production is expected to climb 1%, reaching about 3,694 tonnes, buoyed by new mining projects in Mexico, Canada and Ghana.
We rank the top 10 gold producers of the first six months of the year in kilo ounces (koz), tracking the percentage change from H1 2024.
