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10 countries with the largest gold reserves in the world

Countries with the largest gold reserves are typically those that have strong economic bases and have accumulated significant gold holdings to stabilise their currencies and economies.

As of the latest data, the following countries have the largest gold reserves:

  • Gold reserves: Approximately 8,133.5 tonnes
  • The United States holds the largest gold reserves in the world, which represents a significant portion of its total foreign exchange reserves. Most of this gold is stored in Fort Knox, Kentucky, and the Federal Reserve Bank of New York.
United States (Content via Getty Images)
  • Gold reserves: Approximately 3,352.3 tonnes
  • Germany has the second-largest gold reserves. The country has repatriated a significant portion of its gold reserves back to Frankfurt from locations such as the United States and France to ensure security and closer control.
German flags.Getty Images
  • Gold reserves: Approximately 2,451.8 tonnes
  • Italy maintains large gold reserves, which have been a significant part of its economic strategy, providing stability to its financial system.
italian flag
  • Gold reserves: Approximately 2,436.4 tonnes
  • France has long been a holder of significant gold reserves, which are managed by the Banque de France. Gold is considered an essential element of the country’s economic stability and sovereignty.
France
  • Gold reserves: Approximately 2,298.5 tonnes
  • In recent years, Russia has been actively increasing its gold reserves as a part of its strategy to reduce dependency on the US dollar and to strengthen its economic resilience.
Russian flag

  • Gold reserves: Approximately 2,010.5 tonnes
  • China has steadily increased its gold holdings over the past decade. The People’s Bank of China (PBOC) views gold as a strategic asset that diversifies its foreign exchange reserves.
The Chinese flag.Getty Images

7. Switzerland
  • Gold reserves: Approximately 1,040 tonnes
  • Switzerland, known for its robust financial system, holds significant gold reserves. Its strategic location and reputation for financial stability have made it a global banking hub.
Switzerland

  • Gold reserves: Approximately 846 tonnes
  • Japan holds substantial gold reserves as part of its monetary policy, managed by the Bank of Japan. These reserves help provide financial stability to the country’s economy.
Japan’s flag flies at a Japanese school in Beijing where 29 North Korean refugees sought asylum in 2004.

The Indian flag

10. Netherlands
Netherlands

These countries have maintained large gold reserves as a part of their economic and monetary policies to ensure stability, hedge against inflation, and provide a safety net in times of economic uncertainty. Gold is often seen as a safe-haven asset, making it an integral component of national reserve portfolios.

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