reported by the World Gold Council. (tonnes) 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Supply Mine production 2,957 3,167 3,270 3,361 3,510 3,573 3,655 3,595 3,472 3,569 Recycling 1,637 1,195 1,130 1,067 1,232 1,112 1,132 1,276 1,293 1,136 Net Hedging Supply (45) (28) 105 13 38 (26) (12) 6 (39) (23) Total supply 4,549 4,334 4,505 4,441 4,779 4,660 4,775 4,876 4,726 4,682 Demand Jewelry Fabrication 2,141 2,735 2,544 2,479 2,019 2,257 2,290 2,152 1,324 2,231 Jewelry Consumption 2,157 2,728 2,534 2,461 2,105 2,242 2,250 2,127 1,398 2,148 Jewelry Inventory (16) 7 10 18 (86) 15 40 25 (74) 83 Technology 382 356 348 332 323 333 335 326 303 330 Electronics 289 279 278 262 256 266 268 262 249 272 Dentistry 28 23 20 19 18 16 15 14 12 11 Other Industrial 65 54 51 51 50 51 51 50 42 47 Investment 1,621 798 901 967 1,614 1,315 1,164 1,271 1,796 1,002 Total bar and coin 1,322 1,730 1,067 1,091 1,073 1,044 1,090 871 904 1,191 Bars 1,023 1,357 781 790 797 780 776 583 542 811 Official Coins 187 271 205 224 208 188 242 221 293 295 Medals/Imitation Coins 112 101 81 76 68 76 73 67 69 85 ETFs & similar products 299 (932) (166) (124) 541 271 74 400 892 (189) Central banks & other inst. 569 629 601 580 395 379 656 605 255 450 Gold Demand 4,713 4,518 4,395 4,357 4,351 4,284 4,445 4,355 3,678 4,013 OTC and other* (165) (184) 110 84 428 376 330 522 1,048 670 Total Demand 4,549 4,334 4,505 4,441 4,779 4,660 4,775 4,876 4,726 4,682 LBMA Gold Price (US$/oz) 1,669 1,411 1,266 1,160 1,251 1,257 1,268 1,393 1,770 1,799 Sour