Gold has always been seen as a safe and valuable asset, especially during economic uncertainty. Recently, countries like India and China have increased their gold reserves, pushing global gold prices to record highs. However, India, despite being one of the largest consumers of gold, falls behind when it comes to official gold reserves.
So, which countries have the most gold?
The US Tops the List
The United States holds the largest amount of gold in the world, with a staggering 8,133 tonnes in its reserves. This puts the US far ahead of any other nation.
Germany Follows as Europe’s Leader
Germany, the strongest economy in Europe, comes in second place, holding 3,353 tonnes of gold. This is followed by Italy, with 2,452 tonnes, and France with 2,437 tonnes in fourth place.
Russia and China Among the Top 6
Russia, with 2,335 tonnes, ranks fifth. Interestingly, before its conflict with Ukraine, Russia brought back its gold reserves from other countries. China, in sixth place, holds 2,264 tonnes and has been rapidly increasing its reserves, making it the world’s largest consumer of gold.
India Ranks Ninth Despite Massive Private Gold Holdings
India, known for its cultural affinity to gold, ranks ninth in terms of official gold reserves, with 840 tonnes in the government treasury. Despite this, Indian households are estimated to hold around 25,000 tonnes of gold—more than any other country in the world.
Other countries in the top 10 include Switzerland with 1,040 tonnes and Japan with 847 tonnes.
While India has been increasing its reserves in recent months, it still lags behind some of the world’s largest economies when it comes to official gold holdings.
