Countries with highest gold reserve: Gold prices continue to fluctuate. In the domestic bullion market, gold prices are running between Rs 54, ooo-55,000 per ten grams. Let us tell you that according to IMF and World Gold Council, till August 2020, India has registered 657.7 tonnes of gold reserves. India is among the top 10 countries in the world in terms of gold reserves. India is at the ninth position in this list. America is in the first place in this list. Let us know which 10 countries have the highest gold reserves in the world according to the World Gold Council (WGC).
1. America
America has the largest gold reserves in the world. The Gold Fund of America is 8133.5 metric tons. Gold accounts for 79 percent of this country’s foreign exchange reserves.
2. Germany
Germany ranks second in the world in terms of gold reserves. This country has a total gold fund of 3,363.6 MT. Gold accounts for 75.6 per cent of foreign exchange reserves.
3. Italy
Italy has the third highest gold reserves in the world. Italy has a total gold fund of 2,451.8 MT. The share of gold in this country’s foreign exchange reserves is 71.3 percent.
4. France
France comes in fourth place in terms of gold reserves. France has a total gold reserves of 2,436 metric tons. Gold accounts for 65.5 percent of this country’s foreign exchange reserves.
5. Russia
Russia is at the fifth position in terms of gold reserves. Russia has a total gold reserves of 2,299.9 metric tons. Gold accounts for 23 percent of this country’s foreign exchange reserves.
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6. China
China is next on the list. China has a total gold reserve of 1,948.3 metric tons. Gold accounts for 3.4 percent of this country’s foreign exchange reserves.
7. Switzerland
Switzerland is ranked seventh in terms of gold reserves. Russia has a total gold reserve of 1,040 MT. The share of gold in this country’s foreign exchange reserves is 6.5 percent.
8. Japan
Japan is at number 8 in terms of gold reserves. Russia has a total gold reserve of 765.2 MT. Gold accounts for 3.2 percent of this country’s foreign exchange reserves.
9. India
India is at 9th position in terms of gold reserves. India has a total gold reserve of 657.7 MT. The share of gold in this country’s foreign exchange reserves is 7.5 percent.
10. Netherlands
The Netherlands is ranked 10th in terms of gold reserves. The Netherlands has total gold reserves of 612.5 MT. The share of gold in this country’s foreign exchange reserves is 71.4 percent.
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