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India among countries that saw biggest jump in gold stockpile

November 20, 2013 08:55 IST

India among countries that saw biggest jump in gold stockpile

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There has been a sharp increase in gold buying in recent years all across the world, including India.

Let's take a look at nations that saw biggest increase in gold stockpiles.

Source: Bloomberg Visual Data

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Image: A model displays jewellery during an exhibition in Chandigarh.
Photographs: Ajay Verma/Reuters

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Russia

Change from December 1993 to June 2013: 679.3 metric tonnes

Central bank gold reserves in June 2013: 996.4 metric tonnes

Central bank gold reserves in December 1993: 317.1 metric tonnes

Rank in gold reserves in June 2013: 7

Rank in biggest jump in stockpile in June 2013: 1

Russia, which has one of the biggest reserves of oil in the world, increased its stockpile of gold the most in the globe.

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Image: Balkar men, dressed in national clothes, sit during a heavy snowfall as they take part in a protest rally in central Moscow, Russia.
Photographs: Sergei Karpukhin/Reuters
Tags: Russia , India

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China

Change from December 1993 to June 2013: 659.1 metric tonnes

Central bank gold reserves in June 2013: 1,054.1 metric tonnes

Central bank gold reserves in December 1993: 395.0 metric tonnes

Rank in gold reserves in June 2013: 5

Rank in biggest jump in stockpile in June 2013: 2

China, the fastest growing economy in the world, had more than 1,000 metric tonnes of gold in June 2013.

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Image: A woman browses merchandise at Stella McCartney's free-standing boutique in Beijing, China.
Photographs: Kim Kyung-Hoon/Reuters
Tags: China , India

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Germany

Change from December 1993 to June 2013: 430.2 metric tonnes

Central bank gold reserves in June 2013: 3,390.6 metric tonnes

Central bank gold reserves in December 1993: 2,960.4 metric tonnes

Rank in gold reserves in June 2013: 2

Rank in biggest jump in stockpile in June 2013: 3

Germany, the economic powerhouse of Europe, had more than 3,000 metric tonnes of gold in June 2013.

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Image: Anja List and her one-year-old daughter Paulina wear traditional Bavarian dirndls while visiting Munich's Oktoberfest, Germany.
Photographs: Michaela Rehle/Reuters

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Italy

Change from December 1993 to June 2013: 378.2 metric tonnes

Central bank gold reserves in June 2013: 2,451.9 metric tonnes

Central bank gold reserves in December 1993: 2,073.7 metric tonnes

Rank in gold reserves in June 2013: 3

Rank in biggest jump in stockpile in June 2013: 4

Italy, which was hit badly by the 2008 global economic crisis, had more than 2,000 metric tonnes of gold in June 2013.

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Image: A woman views gold jewellery at the international jewellery fair in Vicenza, Italy.
Photographs: Manuel Silvestri/Reuters
Tags: Italy , India

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Turkey

Change from December 1993 to June 2013: 316.1 metric tonnes

Central bank gold reserves in June 2013: 441.5 metric tonnes

Central bank gold reserves in December 1993: 125.4 metric tonnes

Rank in gold reserves in June 2013: 11

Rank in biggest jump in stockpile in June 2013: 5

Turkey, one of the fastest growing economies in the world, increased its gold reserves by 316.1 metric tonnes.

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Image: A woman is reflected on a window of a jewellery shop where gold bangles are on display in Istanbul, Turkey.
Photographs: Murad Sezer/Reuters
Tags: Turkey , India

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India

Change from December 1993 to June 2013: 201.4 metric tonnes

Central bank gold reserves in June 2013: 557.8 metric tonnes

Central bank gold reserves in December 1993: 356.3 metric tonnes

Rank in gold reserves in June 2013: 10

Rank in biggest jump in stockpile in June 2013: 6

India, one of the fastest growing economies in the world, increased its gold reserves by 201.4 metric tonnes.

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Image: A woman looks at gold ornament in Kolkata.
Photographs: Jayanta Shaw/Reuters
Tags: India

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Saudi Arabia

Change from December 1993 to June 2013: 180.0 metric tonnes

Central bank gold reserves in June 2013: 322.9 metric tonnes

Central bank gold reserves in December 1993: 143.0 metric tonnes

Rank in gold reserves in June 2013: 14

Rank in biggest jump in stockpile in June 2013: 7

Saudi Arabia, which has one of the biggest reserves of oil and gas in the world, increased its gold reserves by 180.0 metric tonnes.

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Image: A woman looks at jewellery in the gold market in Riyadh, Saudi Arabia.
Photographs: Stringer/Reuters

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Kazakhstan

Change from December 1993 to June 2013: 110.6 metric tonnes

Central bank gold reserves in June 2013: 130.9 metric tonnes

Central bank gold reserves in December 1993: 20.3 metric tonnes

Rank in gold reserves in June 2013: 23

Rank in biggest jump in stockpile in June 2013: 8

Kazakhstan, which has one of the biggest reserves of gas in the world, increased its gold reserves by 110.6 metric tonnes.

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Image: A view of Astana, Kazakhstan.
Photographs: Pavel Mikheev/Reuters

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Mexico

Change from December 1993 to June 2013: 108.8 metric tonnes

Central bank gold reserves in June 2013: 123.9 metric tonnes

Central bank gold reserves in December 1993: 15.1 metric tonnes

Rank in gold reserves in June 2013: 26

Rank in biggest jump in stockpile in June 2013: 9

Mexico, which carries most of its trade with the United States, increased its gold reserves by 108.8 metric tonnes.

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Image: Spring breakers dance during a party at a bar in Cancun, Mexico.
Photographs: Gerardo Garcia/Reuters

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South Korea

Change from December 1993 to June 2013: 94.4 metric tonnes

Central bank gold reserves in June 2013: 104.4 metric tonnes

Central bank gold reserves in December 1993: 10.1 metric tonnes

Rank in gold reserves in June 2013: 29

Rank in biggest jump in stockpile in June 2013: 10

South Korea, one of the most advanced countries in the world, increased its gold reserves by 94.4 metric tonnes.


Image: A view of Myeongdong shopping district in central Seoul, South Korea.
Photographs: Woohae Cho/Reuters

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