Interesting Facts Gold: This country has maximum gold, see what is India's rank!

Photo Credit: lokmat.news18

It has been our tradition to buy gold at festivals or on auspicious occasions. Gold jewelery is the most bought in India. Anyway, do you know that there is also a country that has more gold than India? India's number is not even in the top five countries.

The price of gold has been increasing continuously for the last few months. The fear of recession has spurred gold prices. Gold is said to be the companion of trouble. That's why almost all the countries of the world store gold.

The central bank of every country hoards gold. Gold is used as a hedge fund. World & Statistics has announced on Twitter the list of gold reserves of countries around the world.

Photo Credit: lokmat.news18

According to these figures, America has the largest gold reserves in the world. It has gold reserves of 8,133 metric tonnes. Germany has the second largest gold reserves after the US. It has 3,355 metric tonnes of gold reserves.

Italy is third with 2,452 MT gold reserves and France is fourth with 2,299 MT gold reserves. China has 2,011 tonnes of gold reserves. Switzerland has 1,040 tonnes and Japan has 846 tonnes of gold reserves.

Photo Credit: lokmat.news18

India ranks ninth on this list. India has 787 tonnes of gold reserves. Gold reserves are more or less increasing or decreasing.

India is followed by the Netherlands, Turkey, Saudi Arabia, the UK, Spain, Poland, Singapore, Brazil, and Sweden in the list.