TOP 10 COUNTRIES WITH THE MOST GOLD RESERVES IN 2024

Jun 07, 2024

TOP 10 COUNTRIES WITH THE MOST GOLD RESERVES IN 2024

As of Q1 2024, according to the World Gold Council, the following are the top 10 countries with the largest gold reserves. The Reserve Bank of India (RBI) recently repatriated 100 tonnes of its gold reserves from the United Kingdom, leading to a balanced distribution of its gold holdings between domestic and international storage.

1. United States

• Gold Reserves: 8,133.46 tonnes
• Gold Reserve Value: $579,050.15 million

2. Germany

• Gold Reserves: 3,352.65 tonnes
• Gold Reserve Value: $238,662.64 million

3. Italy

• Gold Reserves: 2,451.84 tonnes
• Gold Reserve Value: $174,555.00 million

4. France

• Gold Reserves: 2,436.88 tonnes
• Gold Reserve Value: $173,492.11 million

5. Russian Federation

• Gold Reserves: 2,332.74 tonnes
• Gold Reserve Value: $166,076.25 million

6. China

• Gold Reserves: 2,262.45 tonnes
• Gold Reserve Value: $161,071.82 million

7. Switzerland

• Gold Reserves: 1,040.00 tonnes
• Gold Reserve Value: $69,495.46 million

8. Japan

• Gold Reserves: 845.97 tonnes
• Gold Reserve Value: $60,227.84 million

9. India

• Gold Reserves: 822.09 tonnes
• Gold Reserve Value: $58,527.34 million

10. Netherlands

• Gold Reserves: 612.45 tonnes
• Gold Reserve Value: $43,602.77 million

Summary

India ranks 9th in the world for gold reserves, holding 822.09 tonnes valued at approximately $58,527.34 million. The recent move by the RBI to bring back 100 tonnes of gold from the UK ensures a balanced storage distribution and aligns with broader strategic goals amidst global geopolitical shifts.

SRIRAM’s