Precious Metals Market Set to Reach USD 386.16B by 2030, Backed by Rising Industrial Demand and Safe-Haven Investments, Says Mordor Intelligence

HYDERABAD, India, Nov. 10, 2025 /PRNewswire/ -- According to Mordor Intelligence, the precious metals market size is valued at USD 290.34 billion in 2025 and is forecasted to reach USD 386.16 billion by 2030, reflecting a steady 5.87% CAGR. Growth is being supported by investors seeking financial security during uncertain times, along with increasing industrial applications in electronics and renewable technologies. Ongoing central-bank accumulation further highlights gold's lasting importance as a key component of diversified investment strategies.  

Looser ETF custody rules and efforts to reduce exposure to the US dollar are attracting institutional inflows, while demand for silver, platinum, and palladium from EV and photovoltaic applications is broadening market revenue. Producers and refiners are increasingly adopting automation and sustainable sourcing to stabilize supply and control costs. 

Key Market Dynamics Electrification Boosting Industrial Metal Demand 

The shift toward electric mobility is reshaping industrial consumption 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 
• Industrial Applications 
  • Electronics 
  • Automotive Catalysts 
  • Chemical Catalysts 
  • Photovoltaics 
• Other Applications (Dentistry, Art, Glass) 

By End-user Industry: 

• Banking and Financial Services 
• Jewellery Manufacturers 
• 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 

Middle East & Africa 

• Saudi Arabia 
• South Africa 
• Rest of Middle East & 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-Pacific remains the top region in the global precious metals trade, driven by strong jewelry demand and expanding industrial use. India continues to dominate gold jewelry production, while China's focus on bullion investment strengthens its financial position. Japan and South Korea add momentum through the use of gold and silver in electronics and semiconductors, keeping the region ahead in both luxury and industrial segments.  

North America maintains influence through advanced trading systems and ETF-based investments that enhance bullion liquidity. 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 Metals Companies: 

• 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 
• Metalor Technologies 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 to demonstrate resilience, supported by sustained investment demand, expanding industrial use, 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. 

Check out related reports published by Mordor Intelligence:  

Rare Earth Metals Market: The rare earth metals market is categorized by product type (light and heavy rare earth elements), element (such as cerium, neodymium, and others), application (including catalysts, ceramics, and more), and end-use industry (like clean energy and consumer electronics). Geographically, it covers Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. Market forecasts are presented in terms of volume (tons). 

Get Full Insights: https://www.mordorintelligence.com/industry-reports/rare-earth-elements-market?utm_source=prnewswire  

Lithium Market: The lithium market is segmented by compound type, including carbonate, chloride, and others; by application, covering batteries, lubricants and grease, air treatment, pharmaceuticals, and more; and by end-user industry, spanning industrial, consumer electronics, energy storage, medical, and automotive sectors. The report also analyzes the market across key regions - Asia-Pacific, North America, Europe, South America, and the Middle East & Africa - with forecasts presented in terms of volume (tons). 

Get Full Insights: https://www.mordorintelligence.com/industry-reports/lithium-market?utm_source=prnewswire  

About Mordor Intelligence  

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.     

For any inquiries, please contact:  
media@mordorintelligence.com  
https://www.mordorintelligence.com/contact-us  

Logo: https://mma.prnewswire.com/media/2746908/Mordor_Intelligence_Logo.jpg