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As of the latest data, the following countries have the largest gold reserves:
1. United States
- 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.
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United States (Content via Getty Images)
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2. Germany
- 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.
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German flags.Getty Images
3. Italy
- 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.
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italian flag
4. France
- 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.
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France
5. Russia
- 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.
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Russian flag
6. China
- 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.