China routinely uses the most gold. Culure, jewellery, and gold bar and coin investment boost its demand.
India has long association with gold jewellery and decor. Weddings, festivals and gold ornaments boost India's gold demand.
USA folks buy gold for jewellery and investment. Americans buy gold bars, coins and jewellery as hedge against inflation and a store of wealth.
Germany demands gold, especailly investment items. During economic uncertainty, investors desire gold's stability and security.
Gold demand in Russia has grown significanty. Gold demand is high as the nation diversifies its foreign reserves by biuing more gold.
Weddings, festivals and cultural rituals have fuelled gold consumption in Turkey. Gold jewelery is popular as it symbolises the rich and powerful.
The Middle Eastern countries, especially the GCC, loves gold. It is culturally significant, hence it is in demand as ornament and as an investment item.