A look at countries with the largest gold reserves in the world

FILE PHOTO: Gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. REUTERS/Denis Balibouse//File Photo
Source: REUTERS

As a symbol of wealth and power, gold has for centuries played a crucial role in the global economy.

Countries worldwide maintain vast gold reserves as a financial safeguard and a means of stabilising their economies.

Central banks use this precious metal to settle international debts, with the quantity and value of gold varying by country.

Recently, a single gold bar surpassed the million-dollar mark, highlighting the wealth of nations with substantial reserves.

In this article, we will explore the 10 countries with the largest gold reserves.

United States of America - 8,133.46 tonnes of gold

Germany -3,352.65 tonnes of gold

Italy - 2,451.84 tonnes of gold

France - 2,436.97 tonnes of gold

Russia - 2,332.74 tonnes of gold

China - 2,235.39 tonnes of gold

Switzerland - 1,040.00 tonnes of gold

Japan - 845. 97 tonnes of gold

India - 803.58 tonnes of gold

Netherlands - 612.45 tonnes of gold

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