8 Countries With Highest Gold Consumption By Year

7. Iran 

Average Per Year Gold Consumption: 59.9 metric tons 

Gold Consumption In 2022: 71.7 metric tons 

Gold Consumption in 2021: 51.8 metric tons 

Gold Consumption in 2020: 56.3 metric tons  

Based on the past 3 years data of countries with the highest gold consumption by year, Iran’s average use of the precious metal reached 59.9 metric tons in 2022. This statistic is further supported by a per capita consumption rate of 0.84 grams. Regardless of the changing political dynamics, the country’s trust in gold as a safe haven has remained stable over the years.