10. Russia
Gold Reserves: 2,296.7 tons
Percentage of Reserves: 23%
Russia, rich in natural resources, has steadily increased its gold reserves over the years. As of 2024, Russia holds 2,296.7 tons of gold, making up 23% of its total reserves. The country’s strategic focus on diversifying its reserves away from traditional currencies has driven this accumulation of gold. With geopolitical tensions rising, gold continues to serve as a safe haven asset for nations like Russia.
9. People’s Republic of China
Gold Reserves: 1,948.3 tons
Percentage of Reserves: 3%
China, the world’s second-largest economy, boasts significant gold reserves totaling 1,948.3 tons as of 2024. Despite holding only 3% of its total reserves in gold, China has been actively increasing its holdings in recent years. This move aligns with the country’s ambition to enhance the yuan’s status as a global reserve currency and reduce its reliance on the US dollar.
8. Switzerland
Gold Reserves: 1,040 tons
Percentage of Reserves: 6%
Switzerland, renowned for its neutrality and financial stability, holds approximately 1,040 tons of gold in its reserves. Representing 6% of its total reserves, gold plays a crucial role in diversifying Switzerland’s assets and safeguarding against economic uncertainties. The country’s long-standing tradition of storing and managing gold reinforces its status as a global financial hub.
7. Japan
Gold Reserves: 765.2 tons
Percentage of Reserves: 3%
Despite being the world’s third-largest economy, Japan’s gold reserves stand at 765.2 tons, constituting a mere 3% of its total reserves. Japan’s focus on maintaining stability in its currency and protecting against inflation has motivated the steady retention of gold in its reserves. The precious metal provides a valuable hedge against economic volatility for the country.
6. India
Gold Reserves: 676.2 tons
Percentage of Reserves: 6%
India, a country with a rich cultural affinity for gold, holds 676.2 tons of the precious metal in its reserves, which amounts to 6% of its total reserves. As a significant consumer of gold, India’s accumulation of gold reserves reflects its historical connection with the metal and its role as a store of value. Gold serves as a vital asset for India’s central bank to maintain stability in the financial system.
5. European Central Bank (ECB)
Gold Reserves: 504.8 tons
Percentage of Reserves: 24%
The European Central Bank (ECB), representing the Eurozone, holds a substantial amount of gold in its reserves, totaling 504.8 tons. Gold constitutes a significant 24% of the ECB’s total reserves, highlighting the metal’s importance in diversifying the reserves of a multinational economic bloc. The ECB’s gold holdings serve as a symbol of stability and confidence in the monetary union.
4. International Monetary Fund (IMF)
Gold Reserves: 2,814 tons
Percentage of Reserves: N/A
The International Monetary Fund (IMF), a global financial institution, holds a considerable amount of gold reserves, totaling 2,814 tons. While the IMF does not disclose the exact percentage of gold in its total reserves, the precious metal plays a crucial role in supporting the stability of the international monetary system. Gold remains a foundational asset for the IMF to fulfill its mandate of promoting global economic cooperation.
3. Italy
Gold Reserves: 2,451.8 tons
Percentage of Reserves: 69%
Italy, known for its rich cultural heritage and historical significance, holds a substantial amount of gold in its reserves, totaling 2,451.8 tons. Gold represents a significant 69% of Italy’s total reserves, underscoring the country’s preference for the precious metal as a store of value and a hedge against economic uncertainties. Italy’s sizable gold reserves contribute to its financial resilience and stability.
2. Germany
Gold Reserves: 3,364.9 tons
Percentage of Reserves: 76%
Germany, a powerhouse in the European economy, boasts one of the largest gold reserves worldwide, totaling 3,364.9 tons. Gold makes up an impressive 76% of Germany’s total reserves, demonstrating the country’s commitment to holding a substantial amount of the precious metal as a strategic reserve asset. Germany’s gold reserves serve as a cornerstone of its financial security and play a critical role in bolstering confidence in the stability of the Eurozone.
1. United States
Gold Reserves: 8,133.5 tons
Percentage of Reserves: 78%
The United States, a global economic superpower, leads the list with the largest gold reserves worldwide, totaling a staggering 8,133.5 tons. Gold constitutes a significant 78% of the country’s total reserves, showcasing the enduring value of gold as a foundational asset for economic stability. The United States’ substantial gold holdings reinforce its position as a key player in the global financial system and provide a crucial safeguard against economic uncertainties.