The World Gold Council released data of official gold reserves of countries across the world. Here are the top-10 countries with the largest reserves.
11.India: Last year, India occupied the 10th spot on the list of the countries with the largest gold reserves, according to the GFMS Gold Survey.
This year, the country dropped to the 11th spot with 608.7 tonnes of gold in its reserve.
India happens to be the world’s largest consumer of gold.
10.The Netherlands: The European country has 612.5 tonnes in its gold reserve
09.Japan: The island nation has 765.2 tonnes of gold in its reserve.
08.Switzerland: With 1,040 tonnes of gold, the country occupies the eighth spot on the list.
During the Second World War, Switzerland became the country to the world to trade gold.
07.China: The second largest economy in the world has 1,874.3 tonnes of Gold.
06.Russia: It is the sixth largest hoarder of gold with 2,150.5 tonnes.
Russia has been the largest importer of gold for the past six years.
05.France: The gold reserve of this European country stands at 2,436 tonnes.
04.Italy: The European country has maintained its gold reserves for the past several years.
It currently consists 2,451.8 tonnes of gold
03.International Monetary Fund: The IMF has 2,814 tonnes of gold in its reserve
02.Germany: The largest economy in Europe has the second-largest gold reserve with 3,369.7 tonnes of Gold.
01.The United States Of America: The largest economy in the world has a massive 8,133.5 tonnes of gold, which is almost twice that of second-placed Germany.