According toMordor Intelligence,theprecious metals marketsizeis valued atUSD 290.34 billion in 2025and is forecastedto reachUSD 386.16 billion by 2030, reflecting a steady5.87% CAGR.Growth is being supported by investors seeking financial security during uncertain times, along with increasingindustrialapplications in electronics and renewable technologies. Ongoingcentral-bankaccumulation further highlights gold's lasting importance as a keycomponentof diversified investment strategies.
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Looser ETF custody rules and efforts to reduce exposure to the US dollar are attracting institutional inflows, while demand for silver, platinum, and palladium fromEV and photovoltaic applicationsis broadening market revenue. Producers and refiners are increasingly adoptingautomation and sustainable sourcingto stabilize supply and control costs.
KeyMarket DynamicsElectrification BoostingIndustrialMetal Demand
The shift toward electric mobility is reshapingindustrialconsumption patterns, lifting demand for silver, platinum, and palladium across automotive electronics. Car manufacturers are diversifying supply contracts and experimenting with substitutes to balance rising costs. This trend benefits refiners and miners catering to the expanding EV ecosystem, particularly in regions driving large-scale vehicle production.
Safe-Haven Demand Strengthened by Global Uncertainty
Growing political tensions and trade disruptions are steering investors toward precious metals as a store of value. Gold remains the primary refuge, while silver and platinum are increasingly used to diversify holdings. Central banks and institutional investors alike view bullion as a stabilizing asset amid unpredictable currency movements and geopolitical shifts, keeping long-term demand elevated.
Precious Metals Segmentation Overview:
By Metal Types:
— Gold
— Silver
— Platinum
— Palladium
— Other Precious Metals (Rhodium, Iridium, Ruthenium)
By Applications:
— Investment (Bars, Coins, ETFs)
— Jewellery
— IndustrialApplications
— Electronics
— Automotive Catalysts
— Chemical Catalysts
— Photovoltaics
— Other Applications (Dentistry, Art, Glass)
By End-user Industry:
— Banking and Financial Services
— JewelleryManufacturers
— Electronics and Electrical
— Automotive Industry
— Healthcare and Medical Devices
— Chemical Industry
— Others
By Geography:
North America
— United States
— Canada
— Mexico
South America
— Brazil
— Argentina
— Rest of South America
Europe
— Germany
— United Kingdom
— France
— Italy
— Rest of Europe
Asia-Pacific
— China
— India
— Japan
— Australia
— South Korea
— Rest of Asia-Pacific
MiddleEast&Africa
— Saudi Arabia
— South Africa
— Rest of MiddleEast&Africa
For a full breakdown of market size, segmentation data, and competitive intelligence, access the details of the Mordor Intelligence report:https://www.mordorintelligence.com/industry-reports/precious-metals-market?utm_source=prnewswire
Regional Insights:
Asia-Pacificremainsthe top region in the global precious metals trade, driven by strong jewelry demand and expandingindustrialuse. India continues to dominate gold jewelry production, while China's focus onbullioninvestment strengthens its financial position. Japan and South Korea add momentumthrough the use ofgold and silver in electronics and semiconductors, keeping the region ahead in both luxury andindustrialsegments.
North Americamaintainsinfluence through advanced trading systems and ETF-based investments that enhancebullionliquidity. The U.S. leads with financial innovation, while Canada and Mexico bolster supply through mining and refining. Europe emphasizes ethical sourcing and sustainable production, with Germany, France, and the U.K. reinforcing their roles through manufacturing, craftsmanship, and global bullion trade.
Precious MetalsCompanies:
— Anglo American Platinum Ltd
— Barrick Mining Corporation
— Kinross Gold Corporation
— Newmont Corporation
— Sibanye Stillwater Limited
— PJSC Polyus
— Fresnillo PLC
— Impala Platinum Holdings Limited
— Northam Platinum Holdings Limited
— Wheaton Precious Metals
— Newcrest Mining Limited
— Harmony Gold Mining Company Limited
— Heraeus Precious Metals
— Johnson Matthey
— Umicore SA
— MetalorTechnologies SA
— Asahi Refining
— Rand Refinery
Explore more on Chemicals and Materials Industry Research:https://www.mordorintelligence.com/market-analysis/chemicals-materials?utm_source=prnewswire
The precious metals market continues todemonstrateresilience, supported by sustained investment demand, expandingindustrialuse, and growing emphasis on ethical sourcing. As economic uncertainty and technological innovation reshape global trade, gold, silver, platinum,and palladium remain vital across both financial and manufacturing sectors. With steady diversification of demand and increasing transparency in sourcing, the market is set to maintain stable long-term growth.
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