Which country owns most of the world’s Gold?

All over the world there are largest gold reserves in each country. For the few years, the Top 10 central banks with the largest gold reserves have remained unchanged with United States holding the number one spot with 8,000 tonnes of gold. For six consecutive years the Russian Central Bank has been the largest purchaser of gold, increasing its holdings by 224 tonnes in 2017 and overtaking China to hold the fifth spot, according to the GFMS Gold Survey.

Today we have a list of top 10 countries with details. Have a read below:

10. India

Tonnes: 560.3

Percent of foreign reserves: 5.5 percent

On number 10 we have India. It is  one of the largest stores of gold in the world. The South Asian country, home to 1.25 billion people, is the second largest consumer of the precious metal.

9. Netherlands

Tonnes: 612.5

Percent of foreign reserves: 68.2 percent

8. Japan

Tonnes: 765.2

Percent of foreign reserves: 2.5 percent

Japan, the world’s third largest economy, is also the eighth largest hoarder of the yellow metal.

7. Switzerland

Tonnes: 1,040.0

Percent of foreign reserves: 5.3 percent

In seventh place is Switzerland, which actually has the world’s largest reserves of gold per capital.

6. China

Tonnes: 1,842.6

Percent of foreign reserves: 2.4 percent

China is the number one gold producing nation.

5. Russia

Tonnes: 1,909.8

Percent of foreign reserves: 17.6 percent

The Russian Central Bank has been the largest buyer of gold for the past six years.

4. France

Tonnes: 2,436.0

Percent of foreign reserves: 63.9 percent

3. Italy

Tonnes: 2,451.8

Percent of foreign reserves: 67.9 percent

2. Germany

Tonnes: 3,371.0

Percent of foreign reserves: 70.6 percent

1. United States

Tonnes: 8,133.5

Percent of foreign reserves: 75.2 percent

by Mamatha Reddy | Tue, Apr 30 - 10:53 PM

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