Top 10 Countries With Gold Reserves: A Look at the Leaders

Central banks hold gold reserves for safety, liquidity and yield. They hold a large share of the world’s gold, about a fifth of all gold ever mined. The United States holds the most gold, at 8,133 tonnes, worth an estimated $579 billion.

As geopolitical tensions rise and discussions about de-dollarization grow, interest in buying gold is growing. But which countries are taking the lead in increasing their gold reserves? According to the World Gold Council, Russia and China are the fastest-growing 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

Overview of countries with the largest gold reserves as of May 2024:

1. United States (8,133 tons)
2. Germany (3351 tons)
3. Italy (2452 tons)
4. France (2437 tons)
5. Russia (2336 tons)
6. China (2,264 tons)
7. Switzerland (1040 tons)
8. Japan (846 tons)
9. India (831 tons)
10. Netherlands (612 tons)

Top 10 Gold Buying Countries Right Now

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

1. Russia (+1,298 tons)
2. China (+1,181 tons)
3. Türkiye (+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 fast food

• Russia is the leader in increasing its gold reserves over the past decade. China is second in renewing gold reserves, followed by Turkey.
• The United States tops the list with the largest amount of gold, followed by Germany and Italy.
• Our neighboring countries, Germany, France and the Netherlands, are among the top ten countries with the largest gold reserves.

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