Recycling jewelry to make more jewelry is quite common, which kind of distorts how much the gold supply vs reserve is. If demand to manufacture jewelry ends then the supply of recycled jewelry also dries up.

~3,300 tons where mined in 2024

“Industrial and tech demand accounted for 83 tons of gold in the third quarter” of 2024. 83 * 4 = 332 so ~10% which is fairly typical.