10 Countries that has Highest Gold Reserves

By: Kuljit Grewal  |   March 28th, 2014   |   Business

For the past few years, the gold prices have greatly increased. Yet, the gold users never stop owning more and more of this precious metal. It is not only a status symbol, but is also a safe investment, as its prices are not limited to a region.

This article will shed light on the top 10 countries that have largest gold reserves in the world. Here, the word “reserves” means the amount of gold held by a central bank or a nation in a country.

1.United States of America

The United States currently ranks first in the list of top 10 countries with largest gold reserves in the world, with the gold reserves of 8,133.5 tonnes. The percentage of gold’s share of national Forex reserves is 76%.

2.Germany

On the second place of this list is Germany. It has Gold Holdings of 3,391.3 tonnes. The percentage of gold’s share of national Forex reserves for Germany is 73%.

3.Italy

With the Gold Holdings of about 2,451.8 tonns, Italy gets the third position in this list of top 10 countries with largest gold reserves. Italy has a 72% share in the national forex reserves in gold.

4.France

2,435.4 tonnes of gold lies in the reserves of France as its holdings. That gives the country fourth place in the list. The percentage of national forex reserves in gold is 71% for France.

5.China

China takes the fifth place in this list of top 10 countries with largest gold reserves. The country has a gold reserve of 1,054.1 tonnes. The percentage of national Forex reserves in gold for China is 2%.

6.Switzerland

Officially the Gold holdings of Switzerland are about 1,040.1 tonnes. . The percentage of national forex reserves in gold for Switzerland is 11%, which makes the country list at the sixth position in top 10 countries with largest gold reserves.

7.Russia

The official gold holdings of Russia are 976.9 tonnes and that places Russia on the seventh place in this list. The percent of national forex reserves in gold for Russia is about 9%.

8.Japan

Japan comes at the eighth position in the list. It has the gold holdings of about 765.2 tonnes. The percent of national forex reserves in gold is about 3% for Japan.

9.Netherlands

Officially the Gold holdings of Netherlands are about 612.5 tonnes. . The percentage of national forex reserves in gold for Netherlands is 60%, which makes the country list at the ninth position in top 10 countries with largest gold reserves.

10.India

India takes the final place in this list of top 10 countries with largest gold reserves. The country has a gold reerve of 557.7 tonnes. The percentage of national forex reserves in gold for India is 10%.