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Gold Reserves by Country | Which Country has Largest Gold Reserves

A gold reserve is the gold held by a nation’s central bank to support the value of the national currency. Here is list of Top 10 Countries with Largest Gold Reserves.

Gold Reserves by Country

Top 10 Countries with Largest Gold Reserves

Gold was used in the world as money for efficient indirect exchange, for exchange purposes it produce in Gold bullion bars and coins and other units. A gold reserves is the gold owned by country’s central banks to support value of its currency. It mainly used to redeem commitments to pay noteholders, depositors, or trading peers during gold standard eras. Gold play important role at the time of inflation, government buy large amount of gold as a countermeasure when inflation starts to rise.

List of Top 10 Countries with Largest Gold Reserves in 2021 –

RankCountriesGold Reserves (Metric Tonnes)
1.United States8,133.5
2.Germany3,359.1
3.Italy2,451.8
4.France2,436.4
5.Russia2,298.5
6.China1,948.3
7.Switzerland1,040
8.Japan846
9.India744.8
10.Netherlands612.5
World Gold Council’s Latest Rankings as of November 2021

USA hold the largest gold reserves as of november 2021, approx 8,133.5 metric tonnes, which is more than twice of Germany on 2nd position with holding 3,359.1 metric tonnes gold.

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