Largest Gold Reserves in the World

Gold is still one of the most popular commodities in central bank reserves. The precious metal is relatively safe and stable compared to other assets, and many nations include it as part of their forex (foreign exchange) reserves. The United States holds the largest official gold reserves globally, with 8,133 tonnes.

1. United States
The United States is the country with the highest gold reserve in the world. America has 8,133.5 tons of gold, which constitutes 74.9% of the nation's forex reserves. Sources: (World Gold Council)

2. Germany
Germany is the 2nd or runner-up when it comes to gold holdings. The European nation has 3,351.2 tons in its vaults, which corresponds to 77.1% of the nation's forex reserves.

3. Italy
The third place goes to a European country. Italy's central bank holds 2,451.8 tons of gold. This is 74.1% of the country's forex reserves.

4. France
France has a total of 2,437 tons of gold in its central bank vaults. The precious metal constitutes 74.7% of the nation's forex reserve.

5. Russia
Russia comes next, with 2,332.7 metric tons of gold. Gold represents 29.5% of the nation's reserves.

6. China
China has 2,292.3 tons of gold in its vaults, but this corresponds to only 6.5% of the country's total forex reserves.

7. Switzerland
The European country holds 1,039.9 tons of gold in its central bank. This is a 9.6% share of the nation's forex reserves.

8. India
India comes next with 879.6 tons of gold, which corresponds to 13.4% of the country's forex reserves.

9. Japan
The Japanese central bank has 845.9 tons of gold in its vaults. The nation has a gold share of 6.6% when it comes to its total forex reserves.

10. Turkey
Turkey cracks the top 10 with 623.9 tons of gold. The country's gold holdings represent 43.6% of its forex reserves.

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