“ Gold is a treasure, and he who possesses it does all he wishes to in this world ” – Christopher Columbus
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The following is a list of the top 11 countries with the largest gold reserves as of early 2024, based on data from the World Gold Council :
Rank Country Gold Reserves (in tonnes) |
1 United States 8,133.46
2 Germany 3,352.65
3 Italy 2,451.84
4 France 2,436.88
5 Russia 2,332.74
6 China 2,191.53
7 Switzerland 1,040.00
8 Japan 845.97
9 India 800.78
10 Netherlands 612.45
11 Turkey 479.00
Key Highlights
- United States : Holds the largest gold reserves, accounting for over 75% of its total foreign reserves, with a total of 8,133.46 tonnes . Learn more Gold
- Germany : The second-largest holder, with 3,352.65 tonnes, which constitutes about two-thirds of its foreign reserves . Learn more gold
- Italy and France : Both countries maintain significant reserves, with Italy at 2,451.84 tonnes and France at 2,436.88 tonnes, reflecting their historical reliance on gold as a financial asset . Learn more gold
- Russia and China : Both nations have been increasing their gold reserves aggressively, with Russia holding 2,332.74 tonnes and China at 2,191.53 tonnes, as part of their strategy to enhance economic stability and reduce reliance on the U.S. dollar . Learn more gold
- India : With 800.78 tonnes, India ranks ninth, and has been actively purchasing gold to bolster its reserves further . Learn more gold
- Turkey : Rounding out the list, Turkey holds 479 tonnes of gold reserves, reflecting its growing interest in gold as a financial asset .