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FX.co ★ Top 10 countries with largest gold holdings

Top 10 countries with largest gold holdings

According to analysts, the volume of gold purchased by the world's leading central banks in 2018 has reached its highest level for the past 50 years. This year, that trend has continued to prevail: in February, gold purchases exceeded figures of the previous four months. In our article, you can find a list of countries with the largest gold reserves in the world compiled by experts from the IMF and the World Gold Council

 Top 10 countries with largest gold holdings

USA

The first position among the states with impressive gold reserves is occupied by the United States. The official gold holdings in the country stand at 8,133.5 tonnes. This is much more than other states own. The percentage share of foreign reserves in gold is 74.9%.

 Top 10 countries with largest gold holdings

Germany

Germany is the second place in this ranking. The official gold holdings in the country amount to 3,369.7 tonnes. The percentage share of foreign reserves in gold reaches 70.6%. Two years ago, Germany repatriated record volumes of gold worth billions of dollars. According to the European regulators, the idea was to bolster public confidence.

 Top 10 countries with largest gold holdings

Italy

The honorable third place among the states with the world's largest gold reserves goes to Italy. The official gold holdings in the country are 2,451.8 tonnes. The share of foreign reserves in gold is 66.9%. Due to the current geopolitical uncertainty, experts fear a negative impact on the Italian economy, including gold reserves.

 Top 10 countries with largest gold holdings

France

The fourth position in the ranking of the states with the largest gold reserves in the world is occupied by France. The official gold holdings in the country achieve 2,436 tonnes, while the percent of foreign reserves in gold is 61.1%. Last year, the Bank of France announced its intention to improve the quality of its gold reserves. This move is expected to help the country increase foreign trade volumes.

 Top 10 countries with largest gold holdings

Russia

The Russian Federation with its official gold holdings of 2,150.5 tonnes takes the fifth position on the list. The percent of foreign reserves in gold is 19.1%. According to experts, the country is gradually increasing its purchases of the yellow metal. The volume has quadrupled over the past 10 years.

 Top 10 countries with largest gold holdings

China

The sixth position on the list of the countries with enormous gold reserves goes to China. The official volume of gold holdings in the country stands at 1,874.3 tonnes. The percentage share of foreign reserves in gold is 2.5%. Along with the introduction of measures to stimulate China's economy, the Chinese financial regulator has also been steadily increasing its gold reserves.

 Top 10 countries with largest gold holdings

Switzerland

Switzerland, a small but economically attractive country, occupies the seventh place in this ranking. The official gold holdings in the country are 1,040 tonnes, while the percent of foreign reserves in gold is 5.5%. Currently, this state is considered the largest in terms of gold reserves per capita.

 Top 10 countries with largest gold holdings

Japan

Japan turned out to be ranked eighth on the list of the states with impressive gold reserves. The official gold holdings in Japan are 765.2 tonnes. The percent of foreign reserves in gold is 2.5%. According to the IMF, the country's share of global foreign exchange reserves has grown to the highest level for the past 15 years.

 Top 10 countries with largest gold holdings

Netherlands

The ninth line in the ranking of the states that own the largest gold reserves is taken by the Netherlands. The official volume of the country's gold reserves reaches 612.5 tonnes. The percentage share of foreign reserves in gold is 65.9%. The government of the Netherlands is currently working on the repatriation of the yellow metal. Such measures are expected to enhance public confidence in the authorities.

 Top 10 countries with largest gold holdings

India

India is the last on the list of the top ten countries with the largest gold reserves. The country's official gold holdings are 608.7 thousand tons. The share of foreign reserves in gold is 6.4%. Along with other developing countries, India is actively increasing its reserves of the yellow metal. According to analysts, the holdings have grown dramatically since August 2018.

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