USA

The first position among the states with impressive gold reserves is occupied by the United States. The official gold holdings in the country stand at 8,133.5 tonnes. This is much more than other states own. The percentage share of foreign reserves in gold is 74.9%.

Germany

Germany is the second place in this ranking. The official gold holdings in the country amount to 3,369.7 tonnes. The percentage share of foreign reserves in gold reaches 70.6%. Two years ago, Germany repatriated record volumes of gold worth billions of dollars. According to the European regulators, the idea was to bolster public confidence.

Italy

The honorable third place among the states with the world's largest gold reserves goes to Italy. The official gold holdings in the country are 2,451.8 tonnes. The share of foreign reserves in gold is 66.9%. Due to the current geopolitical uncertainty, experts fear a negative impact on the Italian economy, including gold reserves.

France

The fourth position in the ranking of the states with the largest gold reserves in the world is occupied by France. The official gold holdings in the country achieve 2,436 tonnes, while the percent of foreign reserves in gold is 61.1%. Last year, the Bank of France announced its intention to improve the quality of its gold reserves. This move is expected to help the country increase foreign trade volumes.

Russia

The Russian Federation with its official gold holdings of 2,150.5 tonnes takes the fifth position on the list. The percent of foreign reserves in gold is 19.1%. According to experts, the country is gradually increasing its purchases of the yellow metal. The volume has quadrupled over the past 10 years.

China

The sixth position on the list of the countries with enormous gold reserves goes to China. The official volume of gold holdings in the country stands at 1,874.3 tonnes. The percentage share of foreign reserves in gold is 2.5%. Along with the introduction of measures to stimulate China's economy, the Chinese financial regulator has also been steadily increasing its gold reserves.

Switzerland

Switzerland, a small but economically attractive country, occupies the seventh place in this ranking. The official gold holdings in the country are 1,040 tonnes, while the percent of foreign reserves in gold is 5.5%. Currently, this state is considered the largest in terms of gold reserves per capita.

Japan

Japan turned out to be ranked eighth on the list of the states with impressive gold reserves. The official gold holdings in Japan are 765.2 tonnes. The percent of foreign reserves in gold is 2.5%. According to the IMF, the country's share of global foreign exchange reserves has grown to the highest level for the past 15 years.

Netherlands

The ninth line in the ranking of the states that own the largest gold reserves is taken by the Netherlands. The official volume of the country's gold reserves reaches 612.5 tonnes. The percentage share of foreign reserves in gold is 65.9%. The government of the Netherlands is currently working on the repatriation of the yellow metal. Such measures are expected to enhance public confidence in the authorities.

India

India is the last on the list of the top ten countries with the largest gold reserves. The country's official gold holdings are 608.7 thousand tons. The share of foreign reserves in gold is 6.4%. Along with other developing countries, India is actively increasing its reserves of the yellow metal. According to analysts, the holdings have grown dramatically since August 2018.