Top 7 Countries' Gold Holdings in Foreign Exchange Reserves

United States — 8,133.5 Tonnes

Gold makes up 81.4% of the United States' foreign exchange reserves. The country holds about 8,133.5 tonnes of gold, giving it the largest official gold stock among the countries listed. Gold remains a major component of the US reserve portfolio and has historically been held as a long-term reserve asset.

Germany — 3,350.3 Tonnes

Germany holds around 3,350.3 tonnes of gold, with the metal accounting for 81.0% of its foreign exchange reserves. Its gold holdings form a major part of the country's reserve assets. Germany is also among the world's largest official gold holders, with gold representing a much larger share of reserves than most major economies.

France — 2,437.0 Tonnes

France holds approximately 2,437 tonnes of gold, representing 78.5% of its foreign exchange reserves. The high percentage shows the important role gold plays in the country's reserve composition. France's official gold holdings place it among the leading central banks globally, alongside other major European economies with substantial gold reserves.

Italy — 2,451.8 Tonnes

Italy holds about 2,451.8 tonnes of gold, with gold accounting for 77.0% of its foreign exchange reserves. The country has one of the world's largest official gold stocks. Its high gold share means the metal represents a significant part of Italy's overall reserve assets and remains an important monetary reserve.

Russia — 2,277 Tonnes

Russia holds around 2,277 tonnes of gold, representing 41.4% of its foreign exchange reserves. Gold therefore accounts for a substantially larger portion of Russia's reserves than it does in several major Asian economies. Its official holdings also place Russia among the countries with the largest gold stocks worldwide.

China — 2,366 Tonnes

China holds approximately 2,366 tonnes of gold, although gold represents only 8.0% of its foreign exchange reserves. The figure highlights the difference between total gold holdings and gold's share of reserves. China has a large official gold stock, but its overall foreign exchange reserves are also substantial.

India — 880.0 Tonnes

India holds around 880 tonnes of gold, with the metal accounting for 16.8% of its foreign exchange reserves. Gold forms an important part of India's reserve assets alongside foreign currencies and other holdings. India's official gold stock has also become a notable component of its overall reserve portfolio.

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