Gold Demand in Electronics Sector Increases Amid AI Infrastructure Growth
Demand for gold from the electronics sector rose to 68.3 tonnes in Q2 of 2026, a 4% increase year-over-year according to the World Gold Council. This growth is attributed primarily to rising investments in artificial intelligence (AI) infrastructure, which offset declining consumer device shipments such as smartphones and laptops. The electronics sector remains one of the largest consumers of gold within technology applications, with notable increases observed in AI server mainboards, integrated circuits for satellites, memory components, semiconductors, and automotive lighting. However, other industrial and decorative uses of gold declined by 7%, marking a ninth consecutive annual drop. Despite these gains, electronics account for only about 5% of total global gold demand (80.4 tonnes out of 1,269 tonnes). The report also highlighted that weaker AI returns or an electronics downturn could negatively impact the current support for gold prices.
Topics: AI Infrastructure Electronics Demand Gold World Gold Council