World's Top 10 Countries With Most Gold Reserves In 2024
In the realm of global economics, gold stands as a timeless symbol of stability amid financial uncertainty. Throughout history, nations have hoarded this precious metal not just for its beauty, but as a safeguard for their economies. From the days of the gold standard to today's unpredictable markets, the value of gold reserves remains steadfast, providing a lifeline during economic storms. As the world once again faces uncertainty, the allure of gold as a safe investment grows stronger. Join us as we explore the top 10 countries with the largest gold reserves, uncovering the treasures that underpin their economic strength and resilience.
1. United States of America (USA):
With a staggering 8133.46 tonnes of gold reserves as of March 2024, the USA proudly boasts the world's largest gold holdings. Despite fluctuations in global markets, there has been no significant change in America's gold reserves over the past three quarters, according to the World Gold Council.
Holding the second position globally, Germany holds 3352.31 tonnes of gold reserves by the end of March 2024. Although lower in quantity compared to the USA, Germany's gold reserves saw a slight decline from the previous quarter, as reported by the World Gold Council.
Ranking third worldwide, Italy holds a substantial amount of gold reserves, totalling 2451.84 tonnes as of the first quarter of 2024. Remarkably, Italy's gold reserves have remained stable over the past three quarters, according to data from the World Gold Council.
Holding the fourth spot globally, France maintains considerable gold reserves of 2,436.88 tonnes as of March 2024, with minimal fluctuations over recent quarters, according to the World Gold Council.
Positioned fifth on the global scale, Russia boasts a significant gold reserve of 2332.74 tonnes as of March 2024, based on data from the World Gold Council.
Noteworthy for its recent surge in gold purchases, China's central bank added 5 tonnes of gold in March 2024 alone, bringing its total gold reserves to 2262.45 tonnes by the end of the first quarter of the year.
Holding the seventh position globally, Switzerland maintains a stable gold reserve of 1040 tonnes as of March 2024, with no significant changes reported over the past three quarters.
Securing the eighth rank globally, Japan holds 845.97 tonnes of gold reserves as of March 2024.
With aggressive gold purchasing strategies, India's gold reserves under the Reserve Bank of India stood at 822.09 tonnes by the end of March 2024, reflecting an increase of 18.51 tonnes compared to the previous quarter of 2023.
Ranking as the world's tenth largest holder of gold reserves, the Netherlands maintained a stable reserve of 612.45 tonnes as of March 2024, according to the World Gold Council data.
Source: https://www.msn.com/