Global central banks bought 157.5 tonnes of gold in the second quarter, up 63 per cent quarter-over-quarter and up 137.9 per cent year-over-year, according to the World Gold Council.
Let's take a look at which countries have the most gold.
Source: Business Insider
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The United States
Official gold holdings: 8,133.5 tonnes
Per cent of foreign reserves in gold: 75.4 per cent
Global rank: 1
...
Germany
Official gold holdings: 3,395.5 tonnes
Per cent of foreign reserves in gold: 72.3 per cent
Global rank: 2
...
Italy
Official gold holdings: 2,451.8 tonnes
Per cent of foreign reserves in gold: N/A
Global rank: 3
...
France
Official gold holdings: 2,435.4 tonnes
Per cent of foreign reserves in gold: 71.7 per cent
Global rank: 4
...
China
Official gold holdings: 1,054.1 tonnes
Per cent of foreign reserves in gold: 1.7 per cent
Global rank: 5
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Switzerland
Official gold holdings: 1,040.1 tonnes
Per cent of foreign reserves in gold: 12.1 per cent
Global rank: 6
...
Russia
Official gold holdings: 936.6 tonnes
Per cent of foreign reserves in gold: 9.6 per cent
Global rank: 7
...
Japan
Official gold holdings: 765.2 tonnes
Per cent of foreign reserves in gold: 3.1 per cent
Global rank: 8
...
The Netherlands
Official gold holdings: 612.5 tonnes
Per cent of foreign reserves in gold: 60.7 per cent
Global rank: 9
...
India
Official gold holdings: 557.7 tonnes
Per cent of foreign reserves in gold: 9.9 per cent
Global rank: 10
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