Top 10 countries with gold reserves: a look at the leaders

Central banks hold gold reserves for safety, liquidity and return. They have a significant share of the world’s gold, about a fifth of the gold ever mined. The United States has the largest amount of gold, at 8,133 tons, with an estimated value of $579 billion.

As geopolitical tensions increase and talks about it de-dollarization increase, interest in buying gold is increasing. But which countries are leading the way in increasing their gold reserves? According to the World Gold Council, Russia and China are the fastest buyers of gold as they look to diversify their reserves and become less dependent on the dollar.

Top 10 countries with the largest gold reserves

An overview of the countries with the largest gold reserves as of May 2024:

1. United States (8,133 tons)
2. Germany (3,351 tons)
3. Italy (2,452 tons)
4. France (2,437 tons)
5. Russia (2,336 tons)
6. China (2,264 tons)
7. Zwitersland (1.040 tons)
8. Japan (846 tons)
9. India (831 tons)
10. Netherlands (612 tons)

The top 10 countries that currently buy the most gold

Overview of the top 10 countries by change in gold reserves over the past ten years (2013-2023):

1. Russia (+1,298 tonnes)
2. China (+1.181 tons)
3. Turkey (+424 tons)
4. Poland (+256 tons)
5. India (+246 tons)
6. Uzbekistan (+ 154 tons)
7. Kazakhstan (+ 151 tons)
8. Singapore (+103 tons)
9. Iraq (+100 tons)
10. Thailand (+92 tons)

Main restaurants

• Russia has been a leader in increasing its gold reserves over the past ten years. China takes second place in replenishing gold reserves, followed by Turkey.
• The United States tops the list with the most gold, followed by Germany and Italy.
• Our neighboring countries Germany, France and the Netherlands are in the top 10 countries with the largest gold reserves.

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