Top National Gold Reserves
Standard Bullion · September 6, 2026
As of December 31, 2024, central banks around the world collectively held approximately 35,938.6 metric tons of gold in their reserves. These holdings serve as a foundation for national financial stability and are widely held as a reserve asset during periods of economic uncertainty.
The top holders of gold reserves are:
United States: 8,133.5 metric tons (72.4% of total foreign reserves)
Germany: 3,351.5 metric tons (71.5%)
Italy: 2,451.8 metric tons (68.3%)
France: 2,436.9 metric tons (69.9%)
Russia: 2,335.9 metric tons (29.5%)
China: 2,264.3 metric tons (4.9%)
Switzerland: 1,040.0 metric tons (8.0%)
India: 854.7 metric tons (9.5%)
Japan: 845.9 metric tons (5.1%)
Netherlands: 612.4 metric tons (61.6%)
In recent years, several countries have actively adjusted their gold reserves:
China: After an 18-month streak of gold purchases, the People's Bank of China paused acquisitions in May 2024. In November 2024, it resumed buying, increasing holdings to 72.96 million fine troy ounces. The reported value of China's gold reserves still moved with the gold price over this period.
India: The Reserve Bank of India significantly increased its domestically held gold reserves, reaching 510.46 metric tons by the end of September 2024, up from 408.31 metric tons in March 2024 — part of a broader move to hold more of its reserves at home.
These adjustments by various countries underscore the ongoing role of gold as a strategic reserve asset within national financial systems.
Educational information about precious metals and financial markets — not investment, tax, or legal advice. Prices and markets change; nothing here is a recommendation or a forecast. Consider your own circumstances and consult a licensed professional before making decisions.
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