Gold holdings

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World's gold from 1845 to 2013, in tonnes (metric tons in the U.S.) World Gold Reserves.png
World's gold from 1845 to 2013, in tonnes (metric tons in the U.S.)
World's gold holdings per capita, in grams Gold Reserves.png
World's gold holdings per capita, in grams

Gold holdings are the quantities of gold held by individuals, private corporations, or public entities as a store of value, an investment vehicle, or perceived as protection against hyperinflation and against financial and/or political upheavals.[ citation needed ]

Contents

During the 19th and early 20th-century eras of the gold standard, national governments undertook an obligation to redeem the national currency for a certain amount of gold. [1] In such times, the nation's central bank used its reserves to meet that obligation, backing some or all of the currency in issue with the metal it held. [2]

The World Gold Council estimates that all the gold ever mined, and that is accounted for, totals 187,200 tonnes, as of 2017 [3] but other independent estimates vary by as much as 20%. [4] At a price of US$1,250 per troy ounce, marked on 16 August 2017, one tonne of gold has a value of approximately US$40.2 million. The total value of all gold ever mined, and that is accounted for, would exceed US$7.5 trillion at that valuation, using WGC's 2017 estimates. [a]

IMF holdings

Since early 2011, the gold holdings of the IMF have been constant at 90.5 million troy ounces (2,814.1 metric tons). [5]

National holdings

Gold bars at the West Point Mint in the United States West Point gold.jpg
Gold bars at the West Point Mint in the United States
Official U.S. gold holdings since 1900 Us gold reserves.png
Official U.S. gold holdings since 1900

The IMF regularly maintains statistics of national assets as reported by various countries. [6] This data is used by the World Gold Council to periodically rank and report the gold holdings of countries and official organizations.

On 17 July 2015, China disclosed its official gold holdings for the first time in six years and announced that increased by about 57 percent, from 1,054 to 1,658 metric tons. [7] [8]

The gold listed for each of the countries in the table may not be physically stored in the country listed, as central banks generally do not allow independent audits of their reserves.

Top 50 according to World Gold Council's latest rankings (as of 3 September 2025) [9]
Rank Country/Organization Gold holdings
(in metric tons)
Gold's share of
forex reserves
1Flag of the United States.svg United States 8,133.77.8%
2Flag of Germany.svg Germany 3,350.277.5%
International Monetary Fund 2,814.0 [b]
3Flag of Italy.svg Italy 2,451.874.2%
4Flag of France.svg France 2,437.074.9%
5Flag of Russia.svg Russia 2,332.729.5%
6Flag of the People's Republic of China.svg China 2,298.56.7%
7Flag of Switzerland (Pantone).svg  Switzerland 1,039.99.6%
8Flag of India.svg India 879.913.0%
9Flag of Japan.svg Japan 845.96.8%
10Flag of Turkey.svg Turkey 634.750.1%
11Flag of the Netherlands.svg Netherlands 612.468.0%
12Flag of Poland.svg Poland 515.422.0%
Logo European Central Bank.svg European Central Bank 506.533.9%
13Flag of the Republic of China.svg Taiwan 422.44.7%
14Flag of Portugal (official).svg Portugal 382.684.2%
15Flag of Uzbekistan.svg Uzbekistan 364.579.1%
16Flag of Saudi Arabia.svg Saudi Arabia 323.14.7%
17Flag of the United Kingdom.svg United Kingdom 310.216.5%
18Flag of Kazakhstan.svg Kazakhstan 306.162.0%
19Flag of Spain.svg Spain 281.525.4%
20Flag of Austria.svg Austria 279.968.6%
21Flag of Thailand.svg Thailand 234.59.4%
22Flag of Belgium (civil).svg Belgium 227.449.2%
23Flag of Singapore.svg Singapore 204.15.1%
24Flag of Algeria.svg Algeria 173.523.0%
25Flag of Venezuela.svg Venezuela 161.283.0%
26Flag of Libya.svg Libya 146.615.5%
27Flag of the Philippines.svg Philippines 129.712.9%
28Flag of Brazil.svg Brazil 129.63.9%
29Flag of Egypt.svg Egypt 128.523.7%
30Flag of Sweden.svg Sweden 125.719.2%
31Flag of South Africa.svg South Africa 125.419.3%
32Flag of Mexico.svg Mexico 120.15.0%
33Flag of Qatar.svg Qatar 116.122.2%
34Flag of Greece.svg Greece 114.561.3%
35Flag of Hungary.svg Hungary 110.021.0%
36Flag of South Korea.svg South Korea 104.42.1%
37Flag of Romania.svg Romania 103.613.8%
BIS-logo.PNG Bank for International Settlements 102.0 [c] [b]
38Flag of Australia (converted).svg Australia 79.813.1%
39Flag of Kuwait.svg Kuwait 79.010.0%
40Flag of Indonesia.svg Indonesia 78.63.6%
41Flag of the United Arab Emirates.svg United Arab Emirates 74.52.6%
42Flag of Jordan.svg Jordan 72.833.6%
43Flag of Denmark.svg Denmark 66.54.1%
44Flag of Pakistan.svg Pakistan 64.730.1%
46Flag of Argentina.svg Argentina 61.716.3%
47Flag of Belarus.svg Belarus 53.849.3%
48Flag of Serbia.svg Serbia 50.316.4%
49Flag of Finland.svg Finland 43.722.5%
50Flag of Bulgaria.svg Bulgaria 40.89.0%
World35,938.6 [d] 15.2%
Euro Area (including the ECB)10,771.556.4%

Private holdings

[10] [11]
RankNameTypeGold holdings
(in tonnes)
1 China Private 31,000 [12]
2 India Private 30,000 [13]
3 SPDR Gold Shares ETF 1,167 [14]
4 iShares Gold Trust ETF 523.0 [15]
5 COMEX Gold TrustETF440.0 [11]
6 ETF Securities Gold FundsETF306.9 [11]
7 Xetra Gold ETF ETF226.9 [16]
8 ZKB Physical GoldETF169.4 [11]
9Sprott Physical Gold TrustCEF69.3 [11]
10 SPDR Gold MiniShares ETF 66.0 [17]
11Central Fund of Canada CEF 52.7 [18]
12 Julius Baer Physical Gold FundETF49.1 [10]
13BullionVault Bailment 34.2 [19]
14GoldMoneyBailment34.1 [20]
15ETFS Physical Swiss Gold SharesETF26.3 [11]
16ABSA NewGold Exchange Traded FundETF22.0 [11]
17Central GoldTrustCEF21.9 [21]
-Total for the above 1764,960

World holdings

(2011)
(source: United States Geological Survey) [22] [23]
LocationGold holdings
(in tonnes)
Share of total
world gold holdings
Total171,300100%
Jewellery 84,30049.2%
Investment (bars, coins) 33,00019.26%
Central banks29,50017.2%
Industrial20,80012.14%
Unaccounted3,7002.2%

See also

Notes

  1. Gold, silver, and other precious metals and gems are weighed by the troy ounce. There would be 24,000 troy ounces to 1 imperial ton of weight. One tonne is equal to approximately 32,150.75 troy ounces.
  2. 1 2 BIS and IMF balance sheets do not allow this percentage to be calculated.
  3. Excluding any gold held in connection with swap operations, under which the bank exchanges currencies for physical gold. The bank has an obligation to return this gold at the end of the contract.
  4. World total as calculated by the IMF. This will not equal the total for the countries in the table as ‘World total’ will include data for countries beyond the top 100 and for countries that do not publish their reserves. World total also captures BIS holdings inclusive of swap operations.

References

  1. Schenk, Catherine (2013). The global gold market and the international monetary system (PDF). Palgrave Macmillan. ISBN   9781137306708 . Retrieved 17 January 2018.
  2. "Central Bank Gold Reserves, an historical perspective since 1845", Timothy Green, World Gold Council Study No.23, November 1999
  3. "How much gold has been mined?", World Gold Council
  4. "How much gold is there in the world?", BBC News, 1 April 2013
  5. "Gold in the IMF". International Monetary Fund. Archived from the original on April 22, 2011.
  6. "Data Template on International Reserves and Foreign Currency Liquidity -- Reporting Countries".
  7. "Gold & Foreign Exchange Reserves".
  8. "Major Factors Affecting Gold Prices Fluctuation". FXdailyReport.Com. 2016-07-22. Retrieved 2016-10-28.
  9. "World Official Gold Holdings - International Financial Statistics, 3 September 2025" . World Gold Council. 3 September 2025. Retrieved 3 September 2025.
  10. 1 2 "Holdings of SPDR Gold, iShares Silver". Reuters. 2 July 2015. Archived from the original on August 1, 2015. Retrieved 1 August 2015.
  11. 1 2 3 4 5 6 7 "Holdings of SPDR Gold, iShares Silver rise". Reuters. 29 May 2020. Archived from the original on June 2, 2020.
  12. "China almost certainly owns more gold than the US – here's why that matters". 21 April 2021.
  13. "Just 0.22% of gold holdings monetized under GMS: India Gold Policy Centre". The Times of India. 15 February 2023.
  14. "SPDR Gold Shares". SPDR. Retrieved 28 December 2020.
  15. "iShares Gold Trust". iShares. Retrieved 28 December 2020.
  16. "Xetra Gold Holdings". Deutsche Boerse. Retrieved 1 June 2021.
  17. "SPDR Gold MiniShares". SPDR. Retrieved 28 December 2020.
  18. "Central Fund's Net Asset Value". Central Fund of Canada. 31 July 2015. Archived from the original on August 1, 2015. Retrieved 1 August 2015.
  19. "Daily audit - Allocated gold bar lists and bank statements". BullionVault. 31 July 2015. Retrieved 1 August 2015.
  20. "Real-Time Audit". GoldMoney. 31 July 2017. Retrieved 31 July 2017.
  21. "GoldTrust's Net Asset Value". Central GoldTrust. 31 July 2015. Archived from the original on August 1, 2015. Retrieved 1 August 2015.
  22. on page 2 of the pdf file; last paragraph just before the "Production" section on that page
  23. "Two Methods for Estimating the Price of Gold by Mike Hewitt". DollarDaze Economic Commentary Blog - Gold, Oil, Stocks, Investments, Currencies, and the Federal Reserve. Archived from the original on 2012-01-09. Retrieved 2012-01-08.