Global gold surplus or deficit 2023, by selected country

In 2023, India had a gold deficit of some 733 metric tons, as the country's domestic gold production was 15 metric tons that year, yet consumer demand amounted to 748 metric tons. Conversely, Australia had a gold surplus of 270 metric tons that year, with domestic production amounting to some 294 metric tons, while the country's consumer demand for gold amounted to just 24 metric tons.