10 countries with largest gold reserves, China is on…, India stands at…, Pakistan’s position will shock you
GH News February 13, 2025 01:06 AM
Countries with Highest Gold Reserves: Gold is one of the most precious metals and has been valued as international currency. Gold reserves play a major role when it comes to trade and finance. The yellow metal enhances a country’s creditworthiness raising its position in the global economic system. Several countries by increasing their gold reserves ensure financial stability and strength. In simple words gold reserve of any country indicate its economic health.  Here are top 10 countries that have the highest gold reserves in the globe. United States of America (USA) The United States tops the list as it has the largest gold reserve in the world. It has a gold reserve of a whopping 8133.46 tonnes. Notably America’s gold reserve is  about 25 percent of the total global reserves. It is noteworthy that America’s gold reserve is stored in Fort Knox West Point and Denver Mint. It is clear that one of the major reasons for the strength of the US dollar or the USD is its huge gold reserves. Germany Germany is on the second spot with 3351.53 tonnes of gold reserves and stands on top in Europe. Most of its gold reserves are kept by Bundesbank and a large part of it is also stored in New York and London. Italy Another European country Italy is on the fourth position with 2451.84 tonnes of gold reserve The country’s economy faced several difficulties but maintain its gold reserves. Notably with 2451.84 tonnes of gold Italy is the third largest gold reserve in Europe. Majority of its wealth is deposited in the bank of Italy. France With 2436.94 tonnes of gold France secured the fourth position. The country has kept its gold reserves safe for decades. It is no doubt that the gold stored in the Bank of France is considered an important pillar of its economic stability. Russia Russia has around 2335.5 tonnes of gold reserve. The country has bought large amounts of the yellow metal in recent years. It is also focusing on increasing the gold share in its foreign assets by reducing its dependence on American dollar. Most of the Russian gold is stored in Moscow and St. Petersburg. China China has 2191.53 tonnes of gold and the country is constantly increasing the reserve. Although the Dragon is the second largest economy in the world but ranks sixth in terms of gold reserve. It is worth noting that the country is also the largest producer of the yellow metal and adds most of its production to domestic reserves. Switzerland One of the beautiful countries is also among the top 10 countries in terms of gold reserves. With 1040.00 tonnes of gold the country ranks seventh. The country is also known for its banks and financially stability having the most gold per capita. Notably Switzerlands gold reserves are mainly controlled by the Swiss National Bank. India India is one of the largest gold consuming countries and has a gold reserve of 853.78 tonnes. Here gold is not just a precious metal but a part of culture. The yellow metal is also used in several rituals and considered auspicious. Apart from this a large amount of gold is stored in Indian homes and temples which is not mentioned in the official figures. The Reserve Bank of India (RBI) manages the countrys gold reserves. Japan With 845.97 tonnes of gold Japan is the ninth country with the largest gold reserves in the globe. The country has also increased its gold reserve in order to keep the economy stable. Most of the Japanese gold is stored in the Bank Of Japan. Netherlands Netherlands secured the 10th position with 612.45 tonnes of gold reserve. The Netherlands recently transferred some of its gold reserves back to the country from New York. The Dutch Central Bank manages the gold of the country. Pakistan As per Trading Economics neighbouring country Pakistan has 64.74 tonnes of gold reserve in the fourth quarter of 2024. The country is ranked 46th in the world.
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