Commodity

Gold Price Today

Top 20 countries' gold reserves

Countries like to reserve gold for many reasons! It's not just about supporting their currency and financial systems, but gold is also really helpful in protecting a country's wealth during uncertain economic or political times. Plus, gold is used for all sorts of cool things, like jewelry, electronics, and medicine. And, holding gold is a smart way to diversify a country's foreign reserves, which helps spread out risk.

Gold Deposits
S.No Country Reserves (in metric tons)
1 United States 8,133.58
2 Germany 3,355.2
3 Italy 2,451.9
4 France 2,436.7
5 Russian Federation 2,298.6
6 China 1,948.3
7 Switzerland 1,040
8 Japan 846
9 India 785.4
10 Turkey 736.6
11 Netherlands 612.5
12 Taiwan 423.6
13 Uzbekistan 390
14 Portugal 382.6
15 Kazakhstan 381.5
16 Saudi Arabia 323.2
17 United Kingdom 310.3
18 Lebanon 286.8
19 Spain 281.6
20 Austria 280
    Gold reserves are maintained by countries for various reasons, such as:
  • Stability and security
  • Diversification
  • Hedging against inflation
  • Prestige and influence
  • Central bank operations
  • Limited supply
  • Geopolitical considerations
  • Investment purposes
  • A symbol of wealth and power
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