India’s top gold-bearing regions have immense deposits, both currently active and yet to be tapped, underscoring a massive opportunity for the mining industry to bolster the nation’s economic and mineral standing. Below, let's explore the top 7 leading states in gold reserve capacity:

India’s top gold-bearing regions have immense deposits, both currently active and yet to be tapped, underscoring a massive opportunity for the mining industry to bolster the nation’s economic and mineral standing. Below, let's explore the top 7 leading states in gold reserve capacity:

Where is India’s hidden gold? Top 7 states ranked by massive reserves

China has discovered a massive undersea gold reserve off the coast of Laizhou City in Yantai, Shandong Province. It is being reported as Asia's largest undersea gold reserve. The recently found reserve puts the cumulative reserve of Laizhou at more than 3900 tonnes, which roughly accounts for 26 per cent of China's national gold reserve, as reported by the Chinese state media. The discovery makes the Laizhou region the top in both gold reserves and gold production in China. However, the reports do not specify the actual size of the gold reserve.&nbsp;<h2>China's other latest gold discovery&nbsp;</h2>In November, China announced the discovery of the first super-large, low-grade gold deposit of 1,444.49 tonnes in the northeastern province of Liaoning. The Chinese Ministry of Natural Resources described it as the single largest reserve discovered since the founding of the People’s Republic of China in 1949. In the Kunlun Mountains, Xinjiang Uygur Autonomous Region authorities have reported the discovery of gold reserves of more than 1,000 tonnes. China is considered the world's largest producer of Gold ore, with outputs ranging to 377 tonnes. While China is the largest gold producer, in terms of gold reserves, it's behind countries like South Africa and Australia. Since 2021, China has invested heavily in mineral exploration. With rising oil prices, there appears to be a strategic emphasis on gold security.&nbsp;&nbsp;

China has discovered Asia’s largest undersea gold deposit off the Jiaodong Peninsula, boosting national reserves and highlighting a surge in mineral exploration.

China has discovered a massive undersea gold reserve off the coast of Laizhou City in Yantai, Shandong Province. It is being reported as Asia's largest undersea gold reserve. The recently found reserve puts the cumulative reserve of Laizhou at more than 3900 tonnes, which roughly accounts for 26 per cent of China's national gold reserve, as reported by the Chinese state media. The discovery makes the Laizhou region the top in both gold reserves and gold production in China. However, the reports do not specify the actual size of the gold reserve. China's other latest gold discovery In November, China announced the discovery of the first super-large, low-grade gold deposit of 1,444.49 tonnes in the northeastern province of Liaoning. The Chinese Ministry of Natural Resources described it as the single largest reserve discovered since the founding of the People’s Republic of China in 1949. In the Kunlun Mountains, Xinjiang Uygur Autonomous Region authorities have reported the discovery of gold reserves of more than 1,000 tonnes. China is considered the world's largest producer of Gold ore, with outputs ranging to 377 tonnes. While China is the largest gold producer, in terms of gold reserves, it's behind countries like South Africa and Australia. Since 2021, China has invested heavily in mineral exploration. With rising oil prices, there appears to be a strategic emphasis on gold security.

China has discovered Asia’s largest undersea gold deposit off the Jiaodong Peninsula, boosting national reserves and highlighting a surge in mineral exploration.

China uncovers Asia’s largest offshore gold deposit in East China Sea

Poland led global gold buying in 2024 with 90t, followed by Turkey (75t) and India (73t) as emerging-market central banks drove demand after geopolitical and economic uncertainty kept gold a preferred reserve asset. Here's the list of the top Central Banks that bought most gold in 2024.

Poland led global gold buying in 2024 with 90t, followed by Turkey (75t) and India (73t) as emerging-market central banks drove demand after geopolitical and economic uncertainty kept gold a preferred reserve asset. Here's the list of the top Central Banks that bought most gold in 2024.

Who’s hoarding the gold? List of the top 5 central banks that bought the most gold

Central banks use gold reserves to protect against inflation, currency risks, and financial crises. The US, Germany, Italy, France, Russia and China hold the largest gold reserves in 2025, securing their economies amid global uncertainties. India and others also increase their holdings. 

Central banks use gold reserves to protect against inflation, currency risks, and financial crises. The US, Germany, Italy, France, Russia and China hold the largest gold reserves in 2025, securing their economies amid global uncertainties. India and others also increase their holdings.&nbsp;

10 countries hoarding the most gold in central banks

India has strategically expanded its gold reserves over the past few years within its foreign exchange after boosting both the volume and the share. Let's have a look at the last 10 years of increased gold reserves of India.

India has strategically expanded its gold reserves over the past few years within its foreign exchange after boosting both the volume and the share. Let's have a look at the last 10 years of increased gold reserves of India.Untitled Summary

India’s gold reserves over 10 years: How much have they increased from 2015 to 2025?

Indian households have witnessed a sharp jump in their overall wealth, driven by a sharp surge in the price of gold, with total holdings now valued at around $3.8 trillion, nearly 89 per cent of the country’s GDP, according to a Morgan Stanley report.&nbsp;The report indicated that the surge in household wealth has also been bolstered by reduced interest payments after recent monetary policy easing, and an increase in disposable income due to tax cuts, according to a report by The Economic Times.&nbsp;It added that the latest GST reductions, along with income-tax cuts announced earlier this year, were aimed at raising individual incomes. Gold prices have soared 61.8 per cent this year, hitting a record high of Rs 1.27 lakh per 10 grams.<h3>Gold reserves rise to around 14% of foreign exchange reserves</h3>Since 2024, the Reserve Bank of India has also spiked its gold reserves by around 75 tonnes, taking total holdings to 880 tonnes, which is around 14 per cent of the foreign exchange reserves of the country.&nbsp;Household investments are also shifting, with equities now making up a record 15.1% of financial savings in FY25, up from 8.7% in FY24 and just 4% before the pandemic.&nbsp;Meanwhile, the share of deposits has fallen to 35%, down from 40% in FY24 and 46% pre-pandemic, according to ET. Morgan Stanley expects this trend to continue, predicting that equities will play an even bigger role in household savings, supported by a younger population and growing awareness of investment options.&nbsp;Meanwhile, on Wednesday, Gold futures rose 1.8 per cent to $4,218.29 per ounce. For the first time ever, gold breached the $4,200 mark, extending its rally to nearly 60 per cent so far in 2025. As per the data from GoodReturns, ten grams of 24-carat gold traded at Rs 1,28,360 after gaining Rs 10 in early trade, while silver prices surged by Rs 100 to Rs 1,89,100 per kilogram.&nbsp;

On Wednesday, Gold futures rose 1.8 per cent to $4,218.29 per ounce. For the first time ever, gold breached the $4,200 mark, extending its rally to nearly 60 per cent so far in 2025.

Indian households have witnessed a sharp jump in their overall wealth, driven by a sharp surge in the price of gold, with total holdings now valued at around $3.8 trillion, nearly 89 per cent of the country’s GDP, according to a Morgan Stanley report. The report indicated that the surge in household wealth has also been bolstered by reduced interest payments after recent monetary policy easing, and an increase in disposable income due to tax cuts, according to a report by The Economic Times. It added that the latest GST reductions, along with income-tax cuts announced earlier this year, were aimed at raising individual incomes. Gold prices have soared 61.8 per cent this year, hitting a record high of Rs 1.27 lakh per 10 grams. Gold reserves rise to around 14% of foreign exchange reserves Since 2024, the Reserve Bank of India has also spiked its gold reserves by around 75 tonnes, taking total holdings to 880 tonnes, which is around 14 per cent of the foreign exchange reserves of the country. Household investments are also shifting, with equities now making up a record 15.1% of financial savings in FY25, up from 8.7% in FY24 and just 4% before the pandemic. Meanwhile, the share of deposits has fallen to 35%, down from 40% in FY24 and 46% pre-pandemic, according to ET. Morgan Stanley expects this trend to continue, predicting that equities will play an even bigger role in household savings, supported by a younger population and growing awareness of investment options. Meanwhile, on Wednesday, Gold futures rose 1.8 per cent to $4,218.29 per ounce. For the first time ever, gold breached the $4,200 mark, extending its rally to nearly 60 per cent so far in 2025. As per the data from GoodReturns, ten grams of 24-carat gold traded at Rs 1,28,360 after gaining Rs 10 in early trade, while silver prices surged by Rs 100 to Rs 1,89,100 per kilogram.

On Wednesday, Gold futures rose 1.8 per cent to $4,218.29 per ounce. For the first time ever, gold breached the $4,200 mark, extending its rally to nearly 60 per cent so far in 2025.

Indian households hold $3.8 trillion worth gold, nearly 89% of GDP — Here's how

Asia's biggest gold holders: From China to India, these ten countries hold some of the world’s largest gold reserves, according to Trading Economics data.

Asia's biggest gold holders: From China to India, these ten countries hold some of the world’s largest gold reserves, according to Trading Economics data.

Mountains of gold! These Asian countries have the largest gold reserves - Check if India made the list

Billions of dollars in gold lie hidden beneath the oceans. China leads with the largest undersea gold mine discovered near Sanshan Island, but deep-sea gold is spread thin and hard to extract. Find out which country is leading in underwater gold finds. Know more below.

Billions of dollars in gold lie hidden beneath the oceans. China leads with the largest undersea gold mine discovered near Sanshan Island, but deep-sea gold is spread thin and hard to extract. Find out which country is leading in underwater gold finds. Know more below.

Which country has the most underwater gold?

Gold remains a symbol of wealth, and the largest untapped reserves shape the future of mining and finance. Australia, Russia, South Africa, the United States, and Indonesia hold the majority of the world’s unmined gold worth trillions underground.

Gold remains a symbol of wealth, and the largest untapped reserves shape the future of mining and finance. Australia, Russia, South Africa, the United States, and Indonesia hold the majority of the world’s unmined gold worth trillions underground.

5 countries with the most gold reserves in the ground

Over the past few years, India has strategically expanded its gold reserves within its foreign exchange after boosting both the volume and the share. Let's have a look at the last 5 years of increased gold reserves of India.


Over the past few years, India has strategically expanded its gold reserves within its foreign exchange after boosting both the volume and the share. Let's have a look at the last 5 years of increased gold reserves of India.

India's gold reserves over the years from 2021 to 2025 — RBI — (in Metric Tonnes)

Gold rates are expected to remain high during the second half of the year, according to analysts. They add that COMEX Gold will touch $3,600 in December 2025, breaking the&nbsp;records&nbsp;of its prices. Here's why gold might prove to be a stable investment option for now.&nbsp;Over the past 20 years, gold has ended the year on a positive note for 14 years. Over the past three years, it has outperformed the Nifty 50. While gold has delivered an annual return of an average of 23 per cent, the Nifty 50 has delivered a return of just 11 per cent.&nbsp;Gold has proven to be a resilient investment option for diversification&nbsp;purposes, especially in the face of market volatility and geopolitical uncertainties.&nbsp;Gold ETFs and Sovereign Gold Bonds have also contributed to the popularity&nbsp;of gold among digital investors.&nbsp;India's gold ETF holdings surged 42 per cent year-on-year. The number of investor accounts also grew by 41 per cent. Gen Z investors, social media influencers, and easy access to fintech platforms have made gold accessible.&nbsp;In Q2 of 2025, the global gold demand surged 3 per cent. While global gold reserves remained robust with 36,345 tonnes, India's gold reserves climbed to 880 tonnes.<h2>Why is gold a good investment option?</h2>Gold's constant returns have highlighted the importance of investing in the precious metal amid global uncertainty, which is exacerbated by Donald Trump's tariff announcements.&nbsp;Gold can be a great tool for diversification because its connection with the equities market is not strong. Also, with digital gold, investors can buy an&nbsp;amount of gold smaller than the physical metal.&nbsp;Individuals can invest a small portion of their spending on investment tools in gold. They can also buy gold SIPs to reduce the risk of buying gold when its price is high.&nbsp;"Gold’s strategic role in portfolios has strengthened as investors navigate an era of slower global growth, policy uncertainty, and elevated geopolitical risks. With inflationary pressures, a softening US dollar, and anticipated US Fed rate cuts, we see sustained upside potential in gold prices through the remainder of 2025. Our analysis indicates COMEX Gold could test the $3,600 mark by year-end, supported by strong ETF inflows, steady central bank buying, and robust retail participation in India’s gold investment markets," Ventura's NS Ramaswamy told Business Standard.

Gold rates are expected to remain high during the second half of the year, according to analysts.

Gold rates are expected to remain high during the second half of the year, according to analysts. They add that COMEX Gold will touch $3,600 in December 2025, breaking the records of its prices. Here's why gold might prove to be a stable investment option for now. Over the past 20 years, gold has ended the year on a positive note for 14 years. Over the past three years, it has outperformed the Nifty 50. While gold has delivered an annual return of an average of 23 per cent, the Nifty 50 has delivered a return of just 11 per cent. Gold has proven to be a resilient investment option for diversification purposes, especially in the face of market volatility and geopolitical uncertainties. Gold ETFs and Sovereign Gold Bonds have also contributed to the popularity of gold among digital investors. India's gold ETF holdings surged 42 per cent year-on-year. The number of investor accounts also grew by 41 per cent. Gen Z investors, social media influencers, and easy access to fintech platforms have made gold accessible. In Q2 of 2025, the global gold demand surged 3 per cent. While global gold reserves remained robust with 36,345 tonnes, India's gold reserves climbed to 880 tonnes. Why is gold a good investment option? Gold's constant returns have highlighted the importance of investing in the precious metal amid global uncertainty, which is exacerbated by Donald Trump's tariff announcements. Gold can be a great tool for diversification because its connection with the equities market is not strong. Also, with digital gold, investors can buy an amount of gold smaller than the physical metal. Individuals can invest a small portion of their spending on investment tools in gold. They can also buy gold SIPs to reduce the risk of buying gold when its price is high. "Gold’s strategic role in portfolios has strengthened as investors navigate an era of slower global growth, policy uncertainty, and elevated geopolitical risks. With inflationary pressures, a softening US dollar, and anticipated US Fed rate cuts, we see sustained upside potential in gold prices through the remainder of 2025. Our analysis indicates COMEX Gold could test the $3,600 mark by year-end, supported by strong ETF inflows, steady central bank buying, and robust retail participation in India’s gold investment markets," Ventura's NS Ramaswamy told Business Standard.

Gold has delivered good returns over the past three years. Its returns were nearly double the returns of the Nifty 50. Digital gold has made buying the metal easier and accessible to those who were reluctant before. Hence, gold has emerged as a safer investment option.

Gold rates to remain high. Why it's a stable investment option in 2025?

After confirmed discoveries of gold reserves in multiple districts, Odisha has emerged as a potential new hub for gold mining in India. The site was identified by the Geological Survey of India (GSI) during the recent mineral exploration projects that resulted in immediate interest in mining and auction strategy.&nbsp;Several gold deposits have been confirmed by GSI, which include Deogarh (Adasa-Rampalli), Keonjhar, Sundargarh, Nabarangpur, Angul, and Koraput, and further exploratory work is ongoing in Mayurbhanj, Sambalpur, Malkangiri, and Boudh. These sites came to light after Odisha Mines Minister Bibhuti Bhushan Jena confirmed the findings in the legislative assembly in March 2025, according to a report by Times Now.&nbsp;However, no official data have been released till now. But based on geological indicators, analysts estimated the reserves could range from a sizeable amount between 10 to 20 metric tons, though modest relative to the gold import volumes of India.&nbsp;Meanwhile, India imported around 700–800 metric tons of gold in the last year because domestic gold production is very low, just 1.6 tons annually as of 2020. That's why the discovery of gold sites in Odisha won't drastically shift the gold landscape of India; however, it will definitely open doors for domestic extraction and economic diversification.&nbsp;Alongside Odisha Mining Corporation (OMC) and GSI, the state government is fast-tracking efforts for commercialising these finds, and plans are underway to auction the first gold mining block in Deogarh that will mark a watershed moment for the mineral sector of Odisha.<h3>The advancing exploration of Geological Survey of India&nbsp;</h3>To validate resources, the Geological Survey of India (GSI) is moving along its exploration from G3 (initial reconnaissance) to G2 level (detailed sampling and drilling) in areas like Adasa-Rampalli and Gopur-Gajipur. After it is confirmed and made viable, these gold deposits may bolster regional development, prompting an upsurge of infrastructure investment and jobs, mining activity, transport facilities, and local services.&nbsp;Reduced reliance on imports, though not enough to dramatically alter the trade balance. Broader diversification of Odisha’s mineral exports, strengthening its role in India’s mining sector. The state already accounts for 96% of the country’s chromite, 52% of bauxite, and 33% of iron ore reserves.&nbsp;

The Geological Survey of India (GSI) has discovered gold reserves in Deogarh (Adasa-Rampalli), Keonjhar, Sundargarh, Nabarangpur, Angul, and Koraput, and further exploratory work is ongoing in Mayurbhanj, Sambalpur, Malkangiri, and Boudh. 

After confirmed discoveries of gold reserves in multiple districts, Odisha has emerged as a potential new hub for gold mining in India. The site was identified by the Geological Survey of India (GSI) during the recent mineral exploration projects that resulted in immediate interest in mining and auction strategy. Several gold deposits have been confirmed by GSI, which include Deogarh (Adasa-Rampalli), Keonjhar, Sundargarh, Nabarangpur, Angul, and Koraput, and further exploratory work is ongoing in Mayurbhanj, Sambalpur, Malkangiri, and Boudh. These sites came to light after Odisha Mines Minister Bibhuti Bhushan Jena confirmed the findings in the legislative assembly in March 2025, according to a report by Times Now. However, no official data have been released till now. But based on geological indicators, analysts estimated the reserves could range from a sizeable amount between 10 to 20 metric tons, though modest relative to the gold import volumes of India. Meanwhile, India imported around 700–800 metric tons of gold in the last year because domestic gold production is very low, just 1.6 tons annually as of 2020. That's why the discovery of gold sites in Odisha won't drastically shift the gold landscape of India; however, it will definitely open doors for domestic extraction and economic diversification. Alongside Odisha Mining Corporation (OMC) and GSI, the state government is fast-tracking efforts for commercialising these finds, and plans are underway to auction the first gold mining block in Deogarh that will mark a watershed moment for the mineral sector of Odisha. The advancing exploration of Geological Survey of India To validate resources, the Geological Survey of India (GSI) is moving along its exploration from G3 (initial reconnaissance) to G2 level (detailed sampling and drilling) in areas like Adasa-Rampalli and Gopur-Gajipur. After it is confirmed and made viable, these gold deposits may bolster regional development, prompting an upsurge of infrastructure investment and jobs, mining activity, transport facilities, and local services. Reduced reliance on imports, though not enough to dramatically alter the trade balance. Broader diversification of Odisha’s mineral exports, strengthening its role in India’s mining sector. The state already accounts for 96% of the country’s chromite, 52% of bauxite, and 33% of iron ore reserves.

The Geological Survey of India (GSI) has discovered gold reserves in Deogarh (Adasa-Rampalli), Keonjhar, Sundargarh, Nabarangpur, Angul, and Koraput, and further exploratory work is ongoing in Mayurbhanj, Sambalpur, Malkangiri, and Boudh.&nbsp;

Golden Jackpot! Nearly 20 tonnes of gold reserves unearthed in multiple districts of Odisha

According to the latest estimates released by the World Gold Council (WGC), India has emerged as the country having the ninth-largest gold reserves in the world. With its gold reserves measuring 2,191.53 tonnes, valued at $ 131,795 million, India is ranked ahead of wealthy Arab and Western nations such as Saudi Arabia and the United Kingdom.

Meanwhile, the US grabbed the top spot, having gold reserves measuring 8,133.46 tonnes as per the WGC list, valued at $489,133 million. Germany came in the second distant spot with estimated gold reserves of 3,352 tonnes. Italy, France and Russia occupy the third, fourth and fifth spots respectively, Forbes reported.

Russia is trying to get its gold reserves back from the Western countries, seized in the aftermath of its invasion of Ukraine. In an attempt to stop the West from seizing its frozen reserves, Moscow has floated the idea of using those reserves to finance the climate change fund to help developing nations.

<a href="https://www.wionews.com/business-economy/we-dont-think-its-a-battle-indian-it-minister-about-the-us-china-chip-war-at-davos-680992">Also read:&nbsp;‘We don’t think it’s a battle’: Indian IT minister about US-China chip war at Davos</a>

Russia's climate envoy recently said at the COP28 summit the move would help to close the gap between developed and developing countries in tackling climate change.

Here are the top 10 countries with the largest gold reserves in the world.

&nbsp; 1) UNITED STATES&nbsp; &nbsp; 8,133.46 tonnes&nbsp;&nbsp; &nbsp;$489,133.74 million 
&nbsp;&nbsp; &nbsp;&nbsp; 
&nbsp; 2. GERMANY&nbsp; &nbsp; 3,352.65 tonnes&nbsp; &nbsp; $201,623.07 million 
&nbsp;&nbsp; &nbsp;&nbsp; 
&nbsp; 3. ITALY&nbsp; &nbsp; 2,451.84 tonnes&nbsp; &nbsp; $147,449.64 million 
&nbsp;&nbsp; &nbsp;&nbsp; 
&nbsp; 4. FRANCE&nbsp; &nbsp; 2,436.88 tonnes&nbsp; &nbsp; $146,551.80 million 
&nbsp;&nbsp; &nbsp;&nbsp; 
&nbsp; 5. RUSSIA&nbsp; &nbsp; 2,332.74 tonnes&nbsp; &nbsp; $140,287.50 million 
&nbsp;&nbsp; &nbsp;&nbsp; 
&nbsp; 6. CHINA&nbsp; &nbsp; 2,191.53 tonnes&nbsp; &nbsp; $131,795.43 million 
&nbsp;&nbsp; &nbsp;&nbsp; 
&nbsp; 7. SWITZERLAND&nbsp; &nbsp; 1,040.00 tonnes&nbsp; &nbsp; $62,543.91 million 
&nbsp;&nbsp; &nbsp;&nbsp; 
&nbsp; 8. JAPAN&nbsp; &nbsp; 845.97 tonnes&nbsp; &nbsp; $50,875.51 million 
&nbsp;&nbsp; &nbsp;&nbsp; 
&nbsp; 9. INDIA&nbsp; &nbsp; 800.78 tonnes&nbsp; &nbsp; $48,157.71 million 
&nbsp;&nbsp; &nbsp;&nbsp; 
&nbsp; 10. NETHERLANDS&nbsp; &nbsp; &nbsp;612.45 tonnes&nbsp; &nbsp; $36,832.02 million

<h2>Why do nations hold gold reserves?</h2>

Countries hold gold reserves for various reasons, with the foremost being its role as a stable store of value, supporting the currency's worth. Additionally, nations see gold reserves as a means to diversify their portfolios, mitigating risks linked to other asset value fluctuations.

Watch:&nbsp;2024 military strength rankings out: US tops, India at fourth Place

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/2024-military-strength-rankings-out-us-tops-india-at-fourth-place-681031/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

The inverse relationship between gold prices and the US dollar is also a significant factor. When the dollar depreciates, gold rates tend to rise, allowing central banks to safeguard reserves amid market volatility.

Some countries use gold to settle trade imbalances or as collateral during economic downturns, as its value typically increases, serving as a hedge in crises.

(With inputs from agencies)

According to the latest estimates released by the World Gold Council (WGC), India has emerged as the country having the ninth-largest gold reserves in the world.

According to the latest estimates released by the World Gold Council (WGC), India has emerged as the country having the ninth-largest gold reserves in the world. With its gold reserves measuring 2,191.53 tonnes, valued at $ 131,795 million, India is ranked ahead of wealthy Arab and Western nations such as Saudi Arabia and the United Kingdom. Meanwhile, the US grabbed the top spot, having gold reserves measuring 8,133.46 tonnes as per the WGC list, valued at $489,133 million. Germany came in the second distant spot with estimated gold reserves of 3,352 tonnes. Italy, France and Russia occupy the third, fourth and fifth spots respectively, Forbes reported. Russia is trying to get its gold reserves back from the Western countries, seized in the aftermath of its invasion of Ukraine. In an attempt to stop the West from seizing its frozen reserves, Moscow has floated the idea of using those reserves to finance the climate change fund to help developing nations. Also read: ‘We don’t think it’s a battle’: Indian IT minister about US-China chip war at Davos Russia's climate envoy recently said at the COP28 summit the move would help to close the gap between developed and developing countries in tackling climate change. Here are the top 10 countries with the largest gold reserves in the world. 1) UNITED STATES 8,133.46 tonnes $489,133.74 million 2. GERMANY 3,352.65 tonnes $201,623.07 million 3. ITALY 2,451.84 tonnes $147,449.64 million 4. FRANCE 2,436.88 tonnes $146,551.80 million 5. RUSSIA 2,332.74 tonnes $140,287.50 million 6. CHINA 2,191.53 tonnes $131,795.43 million 7. SWITZERLAND 1,040.00 tonnes $62,543.91 million 8. JAPAN 845.97 tonnes $50,875.51 million 9. INDIA 800.78 tonnes $48,157.71 million 10. NETHERLANDS 612.45 tonnes $36,832.02 million Why do nations hold gold reserves? Countries hold gold reserves for various reasons, with the foremost being its role as a stable store of value, supporting the currency's worth. Additionally, nations see gold reserves as a means to diversify their portfolios, mitigating risks linked to other asset value fluctuations. Watch: 2024 military strength rankings out: US tops, India at fourth Place × The inverse relationship between gold prices and the US dollar is also a significant factor. When the dollar depreciates, gold rates tend to rise, allowing central banks to safeguard reserves amid market volatility. Some countries use gold to settle trade imbalances or as collateral during economic downturns, as its value typically increases, serving as a hedge in crises. (With inputs from agencies)

India’s gold reserves now larger than Saudi Arabia, UK; check full list here

India's FOREX reserves have been on an upward trajectory, exhibiting a resilient growth pattern. Prior to the week ending May 12, the reserves soared by USD 7.196 billion to USD 595.976 billion. In addition to its foreign currency assets, India’s gold reserves also witnessed a significant increase. During the same week, the gold reserves surged by 38 million to 46.353 billion. This showcases India’s prudent approach to diversifying its FOREX reserves portfolio.

India's FOREX reserves hit 1-yr high, at $600 bn

gold-reserves

Gold Reserves, News on Gold Reserves, stories on Gold Reserves, articles on Gold Reserves, Gold Reserves stories at Wion, Gold Reserves news, Gold Reserves latest news

gold reserves

Where is India’s hidden gold? Top 7 states ranked by massive reserves

China uncovers Asia’s largest offshore gold deposit in East China Sea

Who’s hoarding gold? List of top 5 central banks that bought most gold

10 countries hoarding the most gold in central banks

India’s gold reserves: How much have they increased from 2015 to 2025?

Indian households hold $3.8 trillion worth gold, nearly 89% of GDP — Here's how

10 Asian countries with largest gold reserves - Did India make the list?

Which country has the most underwater gold?

5 countries with the most gold reserves in the ground

India's gold reserves over the years from 2021 to 2025—RBI—(in Metric Tonnes)

Gold rates to remain high. Why it's a stable investment option in 2025?

Nearly 20 tonnes of gold reserves unearthed in multiple districts of Odisha

India’s gold reserves now larger than Saudi Arabia, UK; check full list here

India's FOREX reserves hit 1-yr high, at $600 bn