As per the World Gold Council (WGC) data, central banks across the world bought 272.9 tonnes of bullion in the year 2020, excluding the International Monetary Fund, as it is not a country. The preferred choice of investment across nations has been gold who have consistently been buying gold for 11 years now. Had the IMF been a country, it would have been on third place in the list of countries with the highest gold reserves with 2,814 tonnes. Let’s find out which countries have made it to the list.
1) United States of America
Currently holds: 8,133.5 tonnes
Percent of Total Reserves: 77.5 percent
2) Germany
Currently holds: 3,362.4 tonnes
Percent of Total reserves: 74.5 percent
3) Italy
Currently holds: 2,451.8 tonnes
Percent of Total Reserves: 69.3 percent
4) France
Currently holds: 2,436.0 tonnes
Percent of Total Reserves: 64.5 percent
5) Russia
Currently holds: 2,295.4 tonnes
Percent of Total Reserves: 22.0 percent
6) China
Currently holds: 1,948.3 tonnes
Percent of Total Reserves: 3.3 percent
7) Switzerland
Currently holds: 1,040.0 tonnes
Percent of Total Reserves: 5.4 percent
8) Japan
Currently holds: 765.2 tonnes
Percent of Total Reserves: 3.1 percent
9) India
Currently holds: 687.8 tonnes
Percent of Total Reserves: 6.5 percent
10) Netherlands
Currently holds: 612.5 tonnes
Percent of Total Reserves: 67.4 percent
