Countries around the world have understood the importance of increasing their gold reserves, especially after the US sanctions imposed after the war between Russia and Ukraine in 2022, resulting in freeze the dollars of the Russian central bank. In such a situation, according to the data released by the World Gold Council, America ranks first among the highest gold stores in the world, while India ranks seventh. However, the most notable thing is that India is the only country among the top ten countries with the highest gold stores that falls into the low middle income group. In addition, China falls in the high middle income group while all other countries are classified in the higher income groups.
The US gold reserves, located in the first place in the gold reserves, are 8,133 tonnes, priced at $ 6,82,276 million. This size of the American gold reserves is equivalent to the total gold reserves of Germany, Italy and France, who are second, third and fourth. According to these data, Poland bought 89.54 tonnes of gold in 2024, the highest among all countries of the world, and is tenth in this list. The same year RBI bought 72.60 tonnes of gold, which is the second largest procurement of any central bank in the world. With this, India’s gold reserves reached 876 tonnes. Apart from this, China also bought 44.17 tonnes of gold during 2024, making it a fifth place in this list. Gold prices are touching new heights every day at this time, as investors are eager to invest in gold which are considered safe alternatives due to uncertainties arising from American trade war. In the global market only last week, the price of gold reached $ 3,400 an ounce, while the price of 10 grams of gold reached Rs 3,400 an ounce in the local market. A new surface of 1 lakh was created. Although gold has since seen a fall in gold, the fact that more gold is being purchased by the world’s central banks is also responsible for the historic increase in gold prices. In the last three financial years, various central banks around the world have bought more than 1,000 tonnes of gold per year. Significantly, gold has so far given more than 25 percent returns in the year 2025, while the percentage of returns given by gold in the last one year and the last three years is more than 50 percent and more than 100 percent respectively.
