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World Gold Council

World Gold Council logo .

Who are the World Gold Council?

The World Gold Council is a development organisation on behalf of the international gold industry. It is comprised of some of the world's largest gold mining companies, such as Barrick, China Gold, Newmont Mining Corporation and Silver Wheaton.


Where is the World Gold Council?

Operating internationally, the World Gold Council has eight offices around the world, in locations such as China, Singapore, and the United States of America. The head office of the World Gold Council is in London, United Kingdom.


What does the World Gold Council do?

The World Gold Council works with its members’ combined expertise to further gold’s global use and fulfil its potential. The WGC seeks to promote gold, and it does this by collecting and collating data and statistics for the use of investors and the media alike. The council's new Goldhub stat site is one such locale for people to access the majority of the group's information and track the performance of gold and gold-related products, such as ETFs.

At BullionByPost we regularly use the World Gold Council data for news articles, including these two on the record levels of central bank bullion purchases last year, and the WGC's forecast for gold in 2019.

With the cooperation of its member organisations, the WGC also aims to ensure responsible and ethical conduct in the mining industry; working to make sure that the countries in which mining takes place benefit from the operations. These benefits include worker rights, health and safety, and an environmental responsibility to ensure minimal damage to areas used for mining and refining as a result of the gold production process.

Gold bars

The World Gold Council is a leading promoter of innovation in the gold industry, working to improve the processes and products that make up the industry including technological, investment and consumer products. One such example of the World Gold Council’s innovation is the GLD; ‘the world’s first and largest physically backed gold exchange-traded fund’ - a way of investing in gold without actually purchasing any, trading on several stock exchanges internationally.

The World Gold Council uses its knowledge and expertise of the industry to advise businesses and governments; promoting its use and importance as a wealth-protecting asset through seminars and education programmes. Its frequent publications, including the quarterly gold demand trends, are an excellent summary and source of knowledge on the recent movements in the gold industry.


Related Links:

Gold Mining | Gold Production by Country | Gold Reserves by Country