Guess Which 10 Countries Have Largest Gold Reserves In The World


Bangalore: The value of Gold started increasing in the year 2001, since then people have started importing gold more from other countries. This was one of the reasons for the downfall of rupee recently in India. Gold reserve is a store value for a nation that is held by central bank in the form of gold it is equivalent to a promise or guarantee to assure the security of currency. Many countries including India are in the list of having huge gold reserves in central bank. According to the latest report by World Gold Council central bank, has approximately 300 tonnes of gold reserves.

Here is the list of countries having largest gold reserves as reported by World Gold Council.

10. India

India being ranked for second in population is last in this list of having largest gold reserves.. It’s shocking but the truth is even when India imports more amount of gold when compared to other countries, it has just 8.7 percent of gold reserves. The net worth of this gold comes up to $33 billion and officially the gold holdings comes up to 557.7 tonnes. This is one of the reason why Indian government are discouraging people from buying gold as it is affecting Indian economy badly.

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