As per the latest report by the World Gold Council (WGC), India has the 11th largest gold reserve, with the current holding pegged at 607 tonnes.
Key findings:
Top 5 holders: The top slot is occupied by the U.S., which boasts of gold reserves of 8,133.5 tonnes, followed by Germany (3,369.7 tonnes), IMF, Italy and France.
Asian countries: Mainland China is ranked 7th and Japan at 9th followed by India at 11th.
India:
India, which is the world’s largest consumer of gold, has the 11th largest gold reserve, with the current holding pegged at 607 tonnes.
India’s overall position in terms of total gold holding would have been 10th had the list included only countries. The List also includes International Monetary Fund (IMF), which is third on the list with total gold reserves of 2,814 tonnes.
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