These 10 countries have the highest gold in the world, know where India is at

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Gold is a metal that almost every country in the world wants to store. In times of Coronavirus, central banks around the world are increasing their gold reserves. This trend of gold buying is seen throughout the year. Gold plays an important role in the reserve management of central banks.


Why do countries have gold reserves?

Every country has a gold reserve. This gold reserve is with the central bank of that country. Central banks use this gold reserve for the financial security of the country in times of crisis.


In the Corona era, the price of gold has reached close to Rs 55,000. Let's know that according to the report of the World Gold Council, India and which countries of the world have the highest reserves of gold.


America

The US ranks first in terms of gold reserves. America is the country with the highest gold in the world. According to the World Gold Council, the US has 8,133.5 metric tons of gold. This is 79.1 percent of its total foreign exchange reserves.

Germany

Germany ranks second in terms of gold reserves. According to the World Gold Council, Germany's official gold holding is 3,363.6 metric tons. It has a 75 percent share in the total foreign exchange reserves. Among European countries, Germany has the most gold.

Italy

Italy ranks third in the world in terms of gold reserves. According to the World Gold Council, Italy has 2,451.8 metric tons of gold, which is 70.5 percent of the total foreign exchange reserves. Italy is the second-largest country in European countries after Germany, which has so much gold.

France

France holds the fourth position in the world in terms of gold reserves. It is the third-highest gold-keeping country in Europe. According to the World Gold Council, France has 2,436 metric tons of gold, which is 65 percent of the total foreign exchange reserves.

Russia

Russia, the world's largest country in terms of area, comes in fifth place in terms of having a gold reserve. According to the World Gold Council, Russia has 1040 metric tons of gold, which is 6.7 percent of its foreign exchange reserves.

China

India's neighbor China ranks sixth in terms of gold reserves. According to the World Gold Council, China has 1948.3 metric tons of gold, which is 3.3 percent of its foreign exchange reserves.

Switzerland

Switzerland ranks 7th on the gold reserve holding list. According to the World Gold Council, Switzerland has 1,040 metric tons of gold. This is 6.7 percent of its total foreign exchange reserves.

Japan

Japan ranks eighth in terms of holding gold reserves. According to the World Gold Council, Japan's official gold holding is 765.2 metric tons, which is 3.1 percent of foreign exchange reserves.