These are the Countries With the Most Gold Reserves in the World

  • Gold is a major commodity that is traded around the world.
  • The spot price is the standard trading price of gold.
  • The spot price of gold is primarily determined by supply and demand. Gold is a precious metal. Its price can be affected by macroeconomic trends, inflation, interest rates, currency fluctuations, and investor sentiment.

Gold is the world's oldest currency. In 2012, the value of gold reserves held by central banks totaled over $5 trillion, and the value of gold held by private investors, jewelry makers, and industry totaled over $7 trillion. In 2018, gold reserves held by central banks totaled $7.5 trillion, and the value of gold held by private investors, jewelry makers, and industry totaled over $9 trillion.

China

China is the largest gold holder in the world. As of Oct. 30, 2022, China held 19.04 million troy ounces (6,266.05 metric tons) of gold, up from 1.04 million in 2002.
India
India is the second-biggest gold owner in the world. As of Oct. 30, 2022, India held 5.56 million troy ounces (1,147.65 metric tons) of gold, up from 0.26 million in 2002.
Russia
Russia holds 5.15 million troy ounces (1,097.7 metric tons) of gold, the third-highest amount in the world.
Germany
Germany holds 4.73 million troy ounces (1,025.77 metric tons) of gold, the sixth-highest amount in the world.
United States
The United States holds the fourth-highest amount of gold in the world, with 8.22 million troy ounces (2,212.65 metric tons) held as reserves.
Italy
Italy holds the third-highest amount of gold in the world, with 8.07 million troy ounces (2,188.86 metric tons) held as reserves.

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Germany

Germany has the most gold reserves in the world, with 3,381.5 tons.
China
China's gold reserves total 3,282.4 tons, making it the second largest holder of gold in the world.

Russia
Russia's gold reserves total 2,842.7 tons.

Italy
Italy has 2,451.6 tons of gold in its reserves.

Spain
Spain has 2,428.4 tons of gold reserves.

France
France has 2,400.3 tons of gold reserves.

Central Bank of Canada
The Central Bank of Canada has 2,300.1 tons of gold reserves.

Switzerland
Switzerland has 2,217.6 tons of gold reserves.

Bank of England
The Bank of England has 2,113.5 tons of gold reserves.

Central Bank of India
India's Central Bank has 2,085.2 tons of gold reserves.

France

With more than 2,500 tons of gold, France is home to the largest gold reserve in the world.
Germany
With more than 3,000 tons of gold, Germany is second.

Italy
With more than 2,000 tons, Italy is third.

China



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Russia

The Russian Federation is the world's second largest gold holder, with 2,158.6 tons worth $88.4B. The Central Bank of Russia (CBR) has been buying gold since 2001, when it bought 23.3 tons. The CBR has 1,000 tons stored in Fort Knox, Kentucky, and 2,158.6 tons stored across 12 locations in Russia.
China
China ranks third in gold reserves with 1,842.6 tons worth $61B. The Chinese gold reserves are owned by the People's Bank of China (PBOC). China began accumulating gold in the 1970s, and in 2015, it more than doubled its gold reserves, from 600 tons to 1,842.6 tons.
India
India ranks fourth in gold reserves with 1,846.5 tons worth $60B. The Reserve Bank of India (RBI) is India's central bank and is responsible for the country's gold reserves. The RBI has been purchasing gold since 2015, when it purchased 200 tons.
Germany
Germany ranks fifth in gold reserves with 1,374 tons worth $47B. The Bundesbank is Germany's central bank and is responsible for handling the country's gold. The Bundesbank has been purchasing gold since 2015, when it purchased 212 tons.

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United Kingdom

After the United States, the United Kingdom is the second largest holder of gold in the world. It has a gold reserve of 310.2 million ounces, or nearly 25% of the world's total.
France
The French Republic has 612.5 million ounces of gold reserves, or about 20% of the world's total.
Germany
Germany is the third largest holder of gold, with 3,381.0 million ounces, or about 20% of the world's total.
Italy
Italy has 2,451.6 million ounces of gold reserves, or about 16.5% of the world's total.