Here are the Countries with the Most Gold Reserves

  • Countries often buy gold with foreign currency reserves.
  • A country's gold reserves are an important component of a country's foreign currency reserves, which rise and fall based on demand.
  • When a country uses its gold reserves, it indicates that it sees value in gold, which tends to have greater value when countries are experiencing economic uncertainty.

A country's gold reserves are an important component of a country's foreign currency reserves, which rise and fall based on demand. When a country uses its gold reserves, it indicates that it sees value in gold, which tends to have greater value when countries are experiencing economic uncertainty. Countries often buy gold with foreign currency reserves.
Gold is an attractive investment because it generally does not lose value, and countries keep it as a hedge against economic uncertainty.

Germany

Germany added 1,900 metric tons of gold reserves in 2022. In 2013, Germany had the second-largest gold reserve in the world, after the United States. In 2022, Germany had 3,296 metric tons of gold reserves.
China
In 2022, China's gold reserves increased 1,100 metric tons, bringing its total to 19,900 metric tons. China's gold reserves were sixth most in the world in 2022. In 2013, China's gold reserve was the seventh largest in the world.
Russia
Russia has the fifth largest gold reserves in the world. In 2022, Russia added 1,000 metric tons of gold reserves, bringing its total to 2,600 metric tons.
Switzerland
Switzerland has the fifth largest gold reserve in the world. In 2022, Switzerland added 1,000 metric tons of gold reserves, bringing its total to 2,600 metric tons.
France
France has the third largest gold reserve in the world. In 2022, France added 1,000 metric tons of gold reserves, bringing its total to 2,600 metric tons.
Italy
Italy has the third largest gold reserve in the world. In 2022, Italy added 1,000 metric tons of gold reserves, bringing its total to 2,600 metric tons.
Taiwan
Taiwan has the third largest gold reserve in the world. In 2022, Taiwan added 1,000 metric tons of gold reserves, bringing its total to 2,600 metric tons.
India
In 2022, India added 1,000 metric tons of gold reserves, bringing its total to 2,600 metric tons.
Turkey
In 2022, Turkey added 1,000 metric tons of gold reserves, bringing its total to 2,600 metric tons.

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China

The People's Republic of China (PRC), with $11.1 trillion, is the world's largest gold hoarder and owner of the second largest economy. In addition to being the world's second-largest gold holder, China's gold reserves are the sixth largest in the world.
Russia
Russia has 2,300 tons of gold which is valued at $67.3 billion. The gold reserves make up 34% of Russia's total foreign reserves.
Germany
Germany has 3,381 tons of gold, valued at $108.7 billion. The country's gold reserves make up 36% of its foreign reserves.

France
France has 2,451 tons of gold, valued at $92.7 billion. The country's gold reserves make up 25% of its foreign reserves.

Italy
Italy has 2,451 tons of gold, valued at $92.7 billion. The country's gold reserves make up 25% of its foreign reserves.

Switzerland
Switzerland has 1,040 tons of gold, valued at $66.3 billion. The country's gold reserves make up 21% of its foreign reserves.

Russia

According to the World Gold Council, the Central Bank of the Russian Federation holds 2,250 tonnes of gold.
Turkey
The Central Bank of the Republic of Turkey holds 2,050 tonnes of gold.

China
The People's Bank of China holds 1,054 tonnes of gold, making it the 3rd largest holder of gold in the world.

US
The Federal Reserve System holds 261.3 million ounces of gold, which accounts for 8.8% of the world's total gold reserves.

Germany
The German Bundesbank holds 3,381 tonnes of gold.

India
The Reserve Bank of India holds 557.5 tonnes of gold.

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Italy
The Bank of Italy holds 2,451.6 tonnes of gold.

France
The Banque de France holds 2,435 tonnes of gold.

Belgium

Belgium is a land of centuries, but gold has been part of its monetary system since the 16th century. Belgium's gold reserves are estimated to be as much as 299.7 million troy ounces, or about 17.2 percent of its GDP.
China
China is now the world's largest gold producer, but it first established its gold reserves in the 1920s and has placed strong emphasis on maintaining them ever since. China's gold reserves are estimated to be about 3,838.8 million troy ounces, or about 60.7 percent of its GDP.
France
France has been buying gold since 1802. Its gold reserves are estimated to be about 7,270.7 million troy ounces, or about 53.7 percent of its GDP.
Germany
Germany has been buying gold since 1871. Its gold reserves are estimated to be about 3,371 million troy ounces, or about 26.9 percent of its GDP.
Italy
Italy has been buying gold since 1867. Its gold reserves are estimated to be about 2,277.8 million troy ounces, or about 22.5 percent of its GDP.
Russia
Russia has been buying gold since 1721. Its gold reserves are estimated to be about 2,101.1 million troy ounces, or about 20.5 percent of its GDP.
Switzerland
Switzerland has been buying gold since 1890. Its gold reserves are estimated to be about 1,040.1 million troy ounces, or about 12.7 percent of its GDP.
Turkey
Turkey has been buying gold since 1978. Its gold reserves are estimated to be about 728.9 million troy ounces, or about 9.7 percent of its GDP.
United Kingdom
Britain has been buying gold since 1817. Its gold reserves are estimated to be about 310.3 million troy ounces, or about 5.4 percent of its GDP.

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Canada

According to the World Gold Council, Canada has 2,814 tons of gold in its reserves.
China
China is ranked third for having the most gold in its reserves, with 1,842 tons.

Saudi Arabia
In fourth place is Saudi Arabia, with its 1,842 tons of gold.

United States
The United States has the most gold reserves in the world, with 8,133 tons.

Germany
Germany's gold reserves are ranked No. 5, with 3,381 tons.

Italy
Italy, meanwhile, ranks sixth, with 2,451 tons of gold.

Russia
Russia, which ranks eighth, holds 2,134 tons of gold.

France
France is ranked No. 9, with 1,612 tons of gold.

Japan
Although Japan doesn't have the most gold reserves, it ranks No. 10, with 1,540 tons.



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India

Officially, its gold reserves are more than 20,000 tons, accounting for 8.1% of its total reserves.
China
Its gold reserves are around 1,683 tons, accounting for 1.2% of its reserves.
USA
Its gold reserves are around 8,133 tons, accounting for 73% of its reserves.