Top Countries with the Highest Gold Reserves
Global Gold Reserves: At the end of 2020, the United States had the largest gold reserve – more than 8,000 metric tons of gold. This was more than twice the gold reserves of Germany and more than three times the gold reserves of Italy and France. China was ranked sixth for the amount of gold it has on reserve, but more gold is being mined in China than any other country in the world. While the share of gold reserves constituted 79 percent of the U.S. central bank holdings in 2020, in China this figure amounted to only 3.5 percent.
List of Global Gold Reserves – Ranked by Country
- United States – On the top lies the U.S with its gold reserves of 8,133.5 tons with 76% of foreign gold reserves.
- Germany – On the 2nd position is Germany holding gold reserves of 3,378.2 tons with 70% of foreign gold reserves.
- Italy – About 2,451.8 tons of gold reserves are with Italy taking it to the third position. The foreign gold reserves are 69 percent.
- France – France ranks 4th with reserves of 2,435.8 tons and the percentage of foreign reserves in gold is 65%.
- China – With Official gold holdings of 1,823 tons, China is on 5th and 2% foreign gold reserves.
- Russia – 1498 tons are with Russia of gold and 16% reserves of foreign gold.
- Switzerland – 1,040 tons of official gold reserves are with Switzerland with foreign gold reserves of 7%.
- Japan – On 8th position is Japan with 765.2 tons and 3% of foreign reserves in gold.
- India – India is on 9th highest rank with 687.8 tons of gold reserves. Foreign gold reserves are 6.5%.
- Netherlands – The Netherlands is on the 10th position with 612.5 tons and 63% of foreign gold reserves.
- Turkey – 474 tons of reserves of gold take Turkey on 11th position with also 17% foreign reserves of gold.
- Taiwan – Taiwan lies on 12th position with 422 tons of reserves of gold. It has 4% of foreign gold reserves.
- Portugal – Portugal is at 13th rank with 382.5 tons of gold reserves. Also, there are 71% of foreign reserves of gold.
- Saudi Arabia – The Kingdom of Saudi Arabia is gold-rich country ranking on 14th position worldwide with 322.9 tons of gold reserves. It is with 2% of foreign gold reserves.
- United Kingdom – U.K is on 15th position with 310.3 tons of gold reserves and foreign reserves in gold of 9%.
- Lebanon – Lebanon ranks 16th worldwide gold rich country with 286 tons of gold and foreign reserves in gold of about 24%.
- Spain – Spain with 281.6 tons reserves of gold ranks on the 18th. The foreign gold reserves are 20%.
- Austria – 280.0 tons of reserves of gold are with Austria which takes it to 18th position with foreign reserves in gold of 45%.
- Kazakhstan – Kazakhstan has recently been promoted to a 19th position in the list with gold reserves of 238 tons and 33% of the gold share of foreign exchange reserves.
- Belgium – The last but not least 20th position is of Belgium with 227.5 tons of reserves of gold and foreign gold reserves of 38%.
