The list of countries with the largest gold reserves in the world continues

All the countries of the world deposit the golden metal gold in their central banks which is called gold reserve.

Here’s a look at the list of countries with the largest gold reserves in the world.

According to the latest data of the World Gold Council, the country with the largest gold reserves in the world is the United States, which has 8133 tons of gold.

In this list, Germany is second with 3352 tons of gold reserves, Italy is third with 2451 tons of gold reserves, France is fourth with 2436 tons of gold reserves, Russia is fifth with 2332 tons of gold reserves, China is 2191 tons of gold reserves. Sixth, Switzerland ranks seventh with 1040 tons of gold reserves, Japan ranks eighth with 845 tons of gold reserves, India ranks ninth with 800 tons of gold reserves, and the Netherlands ranks tenth with 612 tons of gold reserves.

According to the latest data of the World Gold Council, Pakistan is ranked 46th in the list with 64 tonnes of gold reserves.

According to the report, gold reserves in Pakistan remained at 64.66 tonnes from the second quarter of 2023 to the third quarter of 2023.

The report further states that gold reserves in Pakistan totaled 64.82 tons from 2000 to 2023.

Importance of gold deposits

All the countries of the world store gold to overcome their financial difficulties in bad times.

In the past, gold reserves played an important role in supporting the value of the currency of many countries, so some countries even today see gold reserves as a means of maintaining the value of their currency.

Gold is a solid asset, so any country can add it to its reserves to make its country financially stable, because gold can be used in different ways, so it fluctuates in value of other assets of any country. Helps reduce the risks associated with

The price of gold is always equal to the dollar, i.e. when the value of the dollar is low, the price of gold increases and when the value of the dollar increases, the price of gold decreases. The importance is further increased as it helps central banks around the world protect their reserves during market fluctuations.

In addition, gold reserves also play a role in international trade, so gold is used around the world to settle trade imbalances or as collateral for loans. Can enhance the reputation of the country and maintain its status in the global economic system.