In this article, we discuss the 20 Countries That Produce the Most Gold in the World. Gold is virtually indestructible which has led to a vast majority of the gold ever mined, still be in existence today. The total above-ground stock of gold produced globally has been valued at approximately $12 trillion. Central banks hold 17%, equivalent to 35,715 tons valued at $2 trillion, and the remaining 15% is allocated to industrial applications and holdings by financial institutions.