Which countries have the largest gold reserves?

Which countries have the largest gold reserves? - Portugal Business News

News Economy World - Here is the ranking of countries with the largest gold reserves as at January 1st, 2026, according to Trading Economics and Statista:

Here are the countries with the largest gold reserves:

1 - United States

The US ranks No. 1 country with the largest gold reserves in the world as at January 1st, 2026 with gold reserves amounting to 8,133 metric tons.

The United States´ stockpile of gold is primarily stored at Fort Knox and represents nearly 75 percent of the U.S. foreign exchange reserves, reflecting the country´s long-term strategy to uphold confidence in the US dollar.

2 - Germany

Germany ranks 2nd country with the largest gold reserves in the world as at January 1st, 2026 with gold reserves amounting to 3,350 metric tons.

3 - Italy

Italy ranks 3rd country with the largest gold reserves in the world as at January 1st, 2026 with gold reserves amounting to 2,452 metric tons.

4 - France

France ranks 4th country with the largest gold reserves in the world as at January 1st, 2026 with gold reserves amounting to 2,437 metric tons.

5 - Russia

Russia ranks 5th country with the largest gold reserves in the world as at January 1st, 2026 with gold reserves amounting to 2,327 metric tons.

6 - China

China ranks 6th country with the largest gold reserves in the world as at January 1st, 2026 with gold reserves amounting to 2,306 metric tons.

China has significantly reduced its reliance on the US dollar and is aiming to strengthen the yuan's role on the global stage by increasing its gold reserves.

7 - Switzerland

Switzerland ranks 7th country with the largest gold reserves in the world as at January 1st, 2026 with gold reserves amounting to 1,040 metric tons.

8 - India

India ranks 8th country with the largest gold reserves in the world as at January 1st, 2026 with gold reserves amounting to 880 metric tons.

India is the world's second-largest gold consumer after China and increased its gold reserves by over 200 tons between 2020 and 2025.