Top 20 Countries with the Highest Gold reserves

You will be amazed to know that Saudi Arabia’s gold reserves are not even in the top 10. Saudi Arabia’s gold reserves rank at number 14 in the countries with the highest Gold reserves. India has more Gold reserves than Saudi Arabia.

1. United States

On the top lies the U.S. with its gold reserves of 8,133.5 tons with 76% of foreign gold reserves.

2. Germany

In the 2nd position is Germany holding gold reserves of 3,378.2 tons with 70% of foreign gold reserves.

3. Italy

About 2,451.8 tons of gold reserves are with Italy taking it to the third position. The foreign gold reserves are 69 percent

4. France

France ranks 4th with reserves of 2,435.8 tons and the percentage of foreign reserves in gold is 65%

5. China

With Official gold holdings of 1,823 tons, China is on 5th and 2% foreign gold reserves.

6. Russia

1498 tons are Russia of gold and 16% reserves of foreign gold.

7. Switzerland

1,040 tons of official gold reserves are with Switzerland with foreign gold reserves of 7%

8. Japan

In 8th position is Japan with 765.2 tons and 3% of foreign reserves in gold.

9. Netherlands

The Netherlands is on the 9th position with 612.5 tons and 63% of foreign gold reserves.

10. India

India is in the 10th highest rank with 557.7 tons of gold reserves. Foreign gold reserves are 6%.

11. Turkey

474 tons of reserves of gold take Turkey to 11th position with also 17% foreign reserves of gold

12. Taiwan

Taiwan lies in 12th position with 422 tons of reserves of gold. It has 4% of foreign gold reserves.

13. Portugal

Portugal is at 13th rank with 382.5 tons of gold reserves. Also, there are 71% of foreign reserves of gold.

14. Saudi Arabia

The Kingdom of Saudi Arabia is a gold-rich country ranking in 14th position worldwide with 322.9 tons of gold reserves. It is with 2% of foreign gold reserves.

15. United Kingdom

U.K is in 15th position with 310.3 tons of gold reserves and foreign reserves in gold of 9%

16. Lebanon

Lebanon ranks 16th worldwide gold-rich country with 286 tons of gold and foreign reserves in gold of about 24%

17. Spain

Spain with 281.6 tons reserves of gold ranks 18th. The foreign gold reserves are 20%

18. Austria

280.0 tons of reserves of gold are with Austria which takes it to 18th position with foreign reserves in gold of 45%

19. Kazakhstan

Kazakhstan has recently been promoted to the 19th position in the list with gold reserves of 238 tons and 33% of the gold share of foreign exchange reserves.

20. Belgium

Last but not least 20th position is of Belgium with 227.5 tons of reserves of gold and foreign gold reserves of 38%.

Many people raise the question that when Saudi Arabia is going through a comparatively bad financial situation, why don’t they liquidate their gold reserves? Well, it is not so simple. As soon as you start doing this, the gold price will significantly fall causing losses to all these countries.