United States

Tons, 8133.5% of Foreign Reserves, 77.5%

The United States has the greatest official gold holdings in the world, with nearly as much gold as the following three countries combined. With the gold allocation rate of 77.5%, it has one of the highest ratios in relation to foreign reserves. The majority of the United States gold is stored at Fort Knox in Kentucky, with the remainder held at the Philadelphia Mint, Denver Mint, San Francisco Assay Office, and West Point Bullion Depository. Interestingly, Texas established its own Texas Bullion Depository to protect investors' gold, demonstrating the state's strong preference for the precious metal.

France

Tons, 2,436.0% of Foreign Reserves, 64.5%

France's gold holdings have remained basically constant over the years. The reserves contain 100 tons of gold coins, with the remaining in bars measuring around 12.5 kilos each. The Bonk to France vaults in Paris are one of the International Monetary Fund's four designated depositories, demonstrating the country's important position in worldwide gold storage.

Russia

Tons, 2,295.4% of Foreign Reserves, 22.0%

Russia has been one of the top gold buyers in the last seven years, surpassing China in 2018 to claim the fifth-largest reserves. In 2017, Russia purchased 224 tons of gold to diversify away from the US dollar amid deteriorating relations with the West following the annexation of Crimea. To fund these purchases, Russia sold a sizable amount of its US Treasury securities.

India

Tons, 687.8% of Foreign Reserves, 6.5%

India, with a population of 1.44 billion, is the world's second-largest consumer of gold. The Bank of India maintains substantial gold reserves, owing largely to the country's cultural and traditional fondness for the metal. From October to December, India's festival and wedding season greatly increases worldwide gold demand, demonstrating the precious metals prominence in Indian society.

China

Tons, 1,948.3% of Foreign Reserves, 3.3%

The People's Bank of China began reporting its gold-purchasing activity monthly in 2015, the first time since 2009. Despite ranking sixth in gold holdings, the commodity accounts for only 3.3% of China's overall reserves. As of 2021, China enables both local and international banks to import large amounts of gold to stabilize prices, with an estimated 150 metric tons worth $8.5 billion set to enter the country by mid-year.

Germany

Tons, 3,362.4% of Foreign Reserves, 74.5%

Germany performed a big repatriation operation in 2017, returning 674 tons of gold from the Bonk to France and the Federal Reserve Bank of New York to its vaults. Despite a dip in gold demand in 2017 after a peak in 2016, German interest in gold investments has continued tousle increased since the global financial crisis, indicating a strong national belief in the metal safety.

Switzerland

Tons, 1,040.0% of Foreign Reserves, 5.4%

Switzerland, with the biggest per capita gold holdings, was a major player in the gold trade during World War II, transacting with both Allied and Axis states. Today, Switzerland is a major role in worldwide gold trading, particularly with Hong Kong and China.

Italy

Tons, 2,451.8% of Foreign Reserves, 69.3%

Italy's gold stockpiles have remained constant over the years. Mario Draghi, former governor of the Bank of Italy, stressed gold's importance as a reserve of safety in 2013, emphasizing its protection against currency fluctuations. This notion mirrors Italy's cautious approach to its gold stockpiles.

Japan

Tons, 765.2% of Foreign Reserves, 3.1%.

Japan, the world's third largest economy, is ninth in gold reserves. The Bank of Japan has actively deployed quantitative easing policies, including interest rate cuts below zero in 2016. These initiatives have increased global demand for gold, highlighting its significance in Japan's economic strategy.

Netherlands

Tons, 612.5%. Percent of Foreign Reserves, 67.4%. The Dutch central bank intends to relocate its gold vaults from Amsterdam to camp New Amsterdam due to security concerns. This move follows the recent repatriation of a significant amount of gold from the United States, which reflects a strategic shift in the country's gold reserve management.