Within this study, overview of the main activities in gold market from 2010 to 2016 has been prepared as well as its current situation. We also conduct outlook of of main gold companies’ productions and prices. In particular, we are estimating the effect of gold demand, supply and price by using data from World Gold Council, Bloomberg and other reliable sources. In Mongolia, gold is one of the major exporting commodities and an important source for government budget revenue. This study, partnered by JICA, aims to investigate the current and past states and prospective of both World and Mongolian gold market.