Top 20 Countries Have Most Gold Reserves India America Ranking full List

World Gold Reserves: The store of gold is considered an important means of dealing with the economic stability and global economic uncertainty of any country. Gold is not only a precious metal, but it is also a major pillar of international trade and financial stability. In the decades of 1800 and 1900, gold was an integral part of the global economy, when many countries linked their currency with gold reserves.

In the early 19th and 20th centuries, countries had linked their currency to the value of gold, which was called “Gold Standard”. This meant that each unit of currency issued had a certain value in gold, and people could turn their paper money into gold. Thus, gold used to be the mainstay of the economic stability of a country and the strength of its currency.

Importance of gold in modern time
Although the direct use of gold in the global economy has ended since the 1970s, the importance of gold has not diminished. Even today gold is seen as a safe and stable reserves, especially during the time of economic uncertainty. When the economy of a country is in crisis, the gold store strengthens its global credibility and supports its financial transactions internationally.

The world with 20 most gold stores in the world
Let’s know about those 20 countries which have the most gold reserves. These figures are based on the World Gold Council’s second quarter report:

America: 8,133.46 tonnes
Germany: 3,351.53 tonnes
Italy: 2,451.84 tonnes
France: 2,436.97 tonnes
Russia: 2,335.85 tonnes
China: 2,264.32 tonnes
Japan: 845.97 tons
India: 840.76 tonnes
Netherlands: 612.45 tons
Türkiye: 584.93 tonnes
Portugal: 382.66 tonnes
Poland: 377.37 tonnes
Uzbekistan: 365.15 tonnes
United Kingdom: 310.29 tonnes
Kazakhstan: 298.8 tonnes
Spain: 281.58 tonnes
Austria: 279.99 tons
Thailand: 234.52 tonnes
Singapore: 228.86 tonnes
Belgium: 227.4 tonnes

How much gold is available in the world?
So far, about 244,000 metric tonnes of gold has been discovered in the world. Out of this, 187,000 metric tonnes of gold has been produced and 57,000 metric tons of gold is still in underground reserves. The most gold has been found in China, Australia and South Africa. In 2016, the United States was fourth in gold production.

Causes of gold and storage
Countries keep gold reserves for many reasons, the main reasons are:

Economic stability: Gold is a stable and reliable reserves, which helps to protect the economy of a country from financial crisis.
Support of currency: Gold has been helpful in maintaining the strength of a country’s currency and its currency stability in history.
Reliability: It is important for trade and debt transactions with other countries during global uncertainties.

Gold store symbol of country’s economic stability
The store of gold is not only a collection of precious metal, but it is also a symbol of the economic stability and safety of a country. Gold proves to be the most important reserves in the time of global uncertainty, which helps countries to rescue the financial crisis. Therefore, the store of gold remains an important part of the treasures of the countries of the world even today.

Also read: Bangladesh on India: Major of Bangladeshi Army, raging on India, said a big thing about Hindus