World Gold Council

Last updated

World Gold Council
Formation1987(38 years ago) (1987)
Type Trade association
Legal statusActive
Headquarters London, United Kingdom
Region served
Worldwide
Kelvin Dushnisky
CEO
David Tait
Website www.gold.org OOjs UI icon edit-ltr-progressive.svg

The World Gold Council is an international trade association for the gold industry. It is headquartered in London and has offices in India, China, Singapore, the UAE and the United States. [1] The organization's members are gold mining companies. [2] David Harquail is its president and David Tait is the CEO. [3] Its aim is stimulating and sustaining demand for gold through market development. [4]

Contents

World Gold Council was founded in 1987 in a merger with South African company Intergold, inheriting its international offices. At the time imports of the South African Krugerrand had been banned in multiple countries to protest against South Africa's apartheid. [5] [6] [7]

It publishes research advocating for gold, various products such as SPDR Gold Shares and gold accumulation plans in India and China, [8] and films promoting its corporate activity. [9]

Controversies

The World Gold Council are one of the industry associations targeted by a Survival International campaign calling for companies to keep resources from uncontacted Indigenous peoples’ lands out of their supply chains. The campaign was launched following the publication of a report in October 2025 that revealed that almost half of the world’s uncontacted peoples would be wiped out if governments and companies didn’t act. [10] It was reported in Private Eye that the WGC had accused Survival International of launching a cyber attack after the industry association received emails from the public concerned about uncontacted peoples. [11]

References

  1. ↑ "World Gold Council Headquarters & Offices". www.gold.org. Archived from the original on 3 July 2017. Retrieved 12 October 2019.
  2. ↑ "World Gold Council Members". www.gold.org. Archived from the original on 3 July 2017. Retrieved 6 July 2017.
  3. ↑ Ghosal, Sutanuka (28 November 2018). "Mr.Tait is the new CEO". economictimes.com. Archived from the original on 5 March 2024. Retrieved 17 December 2018.
  4. ↑ "Who We Are | World Gold Council". www.gold.org. Archived from the original on 12 August 2019. Retrieved 6 July 2017.
  5. ↑ "Major Producers of Gold Form Trade Association". Wall Street Journal. 17 October 1986. p. 1. ProQuest   397962100.
  6. ↑ Secter, Bob (2 October 1985). "Reagan Bans Imports of S. Africa Krugerrand". Los Angeles Times. Retrieved 3 July 2024.
  7. ↑ Walker, Pat (7 November 1986). "Chamber of Mines agrees to merge Intergold into World Gold Council". American Metal Market. 94: 1–3. Gale   A4510106.
  8. ↑ "World Gold Council and ICBC launch first gold accumulation plan in China". www.gold.org. 16 December 2010. Archived from the original on 24 November 2016. Retrieved 24 November 2016.
  9. ↑ Corcoran, Terence (15 March 2024). "Terence Corcoran: Did Idris Elba's 'Goldfather' video boost gold prices?". Financial Post. Retrieved 3 July 2024.
  10. ↑ "Uncontacted Peoples: at the edge of survival — Uncontacted Report". Uncontacted Peoples: at the edge of survival. Retrieved 3 December 2025.
  11. ↑ "Going for Gold". Private Eye. 27 November 2025.{{cite news}}: CS1 maint: url-status (link)
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