India gold reserves: Gold has emerged as strategic asset in the past few years. largely immune to fluctuations in global markets and geopolitical tensions, prompting major countries to purchase large amounts of gold, though many smaller nations have also sold significant volumes of the precious metal due to various reasons.
Which countries bought most gold?
According to World Gold Council data, 15 countries have added a whopping 2,000 tonnes to their gold reserves since 2020 with China topping the list, adding 357.1 tonnes of gold in the last five years.
Interestingly, Poland emerged as the second-largest buyer of gold after China, purchasing 314.6 tonnes of the precious yellow metal since 2020, followed by Turkey (251.8 tonnes), India (245.3 tonnes), and Brazil (105.1 tonnes), according to the World Gold Council report.
As per latest data released by the Reserve Bank of India (RBI), India's gold reserves have surged to a record high of 880.3 tonnes, worth $123.476 billion as of February 10, 2026.
Who sold most gold since 2020?
According to the report, Philippines, Kazakhstan, Sri Lanka, Germany, and Mongolia emerged as the largest gold sellers over the past five years, selling 65.2 tonnes, 52.4 tonnes, 19.1 tonnes, 16.3 tonnes, and 15.9 tonnes, respectively.
Tajikistan, Euro Area, Colombia, Finland, Curacao and Saint Martin, Solomon Islands, Suriname, Malta, Ethiopia and Switzerland have also sold significant amounts of gold since 2020, the report said.
Among the gold-selling countries, Philippines, Kazakhstan, and Sri Lanka, have witnessed the largest declines in their gold reserves, and sold their gold due to domestic uncertainties and a failure to maintain economic balance, the World Gold Council report noted.
Which countries have largest gold reserves?
According to latest data, the United States has the largest gold reserves on the planet at 8,133 tonnes, followed by Germany (3,351 tonnes), Italy (2,451.6 tonnes), France (2,437 tonnes) and Russia (2,300 tonnes).
China sits at the 6th spot with 2,200 tonnes of gold, followed by Switzerland is at 7th with 1,040 tonnes, while India has eight highest gold reserves in the world at 880 tonnes. Japan ranks 9th with 846 tonnes and Turkey is at 10th place with 614 tonnes.
Notably, gold prices have surged a whopping 230% since 2020, prompting countries and their central banks to purchase high volumes of the precious metal to shore up against global uncertainties.
source: News24
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