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Gold Council: Digital Market to Hit $170B by 2031

Gold Council: Digital Market to Hit $170B by 2031

The World Gold Council’s magazine forecasts that the digital gold market will grow from approximately $45-55 billion currently to between $160 and $170 billion by 2031, with an annual compound growth rate of about 27%. This growth is attributed to the expansion of digital products backed by gold and increasing investor interest in digital assets, although the market still accounts for less than 1% of the total gold investment market, which is estimated at around $13 trillion. The report indicates that the potential demand for digital gold could reach $700 billion if major obstacles are addressed, with market development expected to vary across different scenarios ranging from strong to limited growth. It emphasizes the importance of trust and regulation, expanding use cases, and offering competitive prices to attract more investors, especially from younger age groups.

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