United States – 8,133.5 tonnes
The United States holds the title for the largest gold reserves by country, with a staggering 8,133.5 tonnes of gold in its vaults. These vast reserves have been accumulated over the years, making the U.S. one of the most powerful players in the global gold market. The Fort Knox Bullion Depository in Kentucky is famous for housing a significant portion of the country’s gold reserves, making it a symbol of America’s economic strength.
Germany – 3,362.4 tonnes
Germany takes the second spot on the list of top gold reserves by country, with a substantial 3,362.4 tonnes of gold held in its reserves. The German government has been actively accumulating gold over the years as a way to ensure stability and diversify its assets. The Deutsche Bundesbank, Germany’s central bank, oversees the management and storage of the country’s gold reserves, with a significant portion stored domestically in Frankfurt.
Italy – 2,451.8 tonnes
Italy holds the third-largest gold reserves by country, with 2,451.8 tonnes of gold in its possession. The Banca d’Italia, Italy’s central bank, is responsible for managing the country’s gold reserves, which are held in various locations, including the Bank of England and the Federal Reserve Bank of New York. Italy’s gold reserves play a crucial role in supporting the country’s financial stability and economic security.
France – 2,435.4 tonnes
France ranks fourth on the list of top gold reserves by country, with 2,435.4 tonnes of gold in its reserves. The Banque de France, France’s central bank, is in charge of managing the country’s gold holdings, which are stored in secure vaults both domestically and abroad. France’s gold reserves are a significant asset that helps protect the country against economic volatility and provides a solid foundation for its financial system.
Russia – 2,295.4 tonnes
Russia boasts the fifth-largest gold reserves by country, with 2,295.4 tonnes of gold held in its vaults. The Central Bank of the Russian Federation manages the country’s gold reserves, which have seen steady growth in recent years as Russia seeks to reduce its reliance on foreign currencies. Russia’s substantial gold holdings serve as a hedge against economic uncertainties and contribute to the country’s status as a key player in the global gold market.
China – 1,948.3 tonnes
China holds the sixth position on the list of top gold reserves by country, with 1,948.3 tonnes of gold in its reserves. The People’s Bank of China manages the country’s gold holdings, which have seen significant growth as China aims to diversify its assets and reduce its exposure to fluctuations in foreign currencies. China’s gold reserves play a crucial role in supporting the country’s economic stability and enhancing its financial security.
Switzerland – 1,040 tonnes
Switzerland ranks seventh on the list of top gold reserves by country, with 1,040 tonnes of gold in its possession. The Swiss National Bank is responsible for managing Switzerland’s gold reserves, which are held both domestically and abroad. Switzerland has a long-standing tradition of being a major player in the gold market, with its reserves serving as a vital asset that supports the country’s financial stability and economic prosperity.
Japan – 765.2 tonnes
Japan holds the eighth position on the list of top gold reserves by country, with 765.2 tonnes of gold in its reserves. The Bank of Japan oversees the management of the country’s gold holdings, which are stored in secure vaults both domestically and abroad. Japan’s gold reserves play a crucial role in supporting the country’s financial stability and providing a solid foundation for its monetary policy.
India – 687.5 tonnes
India ranks ninth on the list of top gold reserves by country, with 687.5 tonnes of gold in its possession. The Reserve Bank of India manages the country’s gold reserves, which are held in secure vaults both domestically and abroad. India’s substantial gold holdings serve as a hedge against economic uncertainties and contribute to the country’s economic stability and financial security.
Netherlands – 612.5 tonnes
The Netherlands rounds out the list of top gold reserves by country, with 612.5 tonnes of gold in its possession. The De Nederlandsche Bank manages the country’s gold reserves, which are stored in secure vaults both domestically and abroad. The Netherlands’ gold holdings play a significant role in supporting the country’s financial stability and providing a solid foundation for its monetary policy.
