In 2024, The price of gold rose by almost 20%, thus consolidating its position as one of the most valuable and safe assets in the world. This increase is due to the interest and demand for this asset from China and the massive purchases by the world’s central banks, which store most of the world’s gold. This provides them with liquidity and profitability in the face of political tensions caused by various international conflicts.
(See also: The maximum price of the dollar exceeded $4,200 on Tuesday)
The World Gold Council has published a ranking of the 10 countries with the largest gold reserves in the world. In Portafolio we tell you what they are.
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The Netherlands is in tenth place. It has 612 tonnes in reserve.
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India is in ninth place, with 831 tonnes in reserve. In addition, during 2024, it was the second country in the world to purchase the most tonnes (37) during the first six months of the year. Only behind Turkey, which bought 45 tonnes.
AFP
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In eighth place is Japan, with 846 gold reserves.
EFE
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This position is occupied by Switzerland, with 1,040 tonnes.
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China, one of the world’s great powers, is ranked sixth, with 2,264 tonnes in reserve. The economic giant has slowed its gold buying over the past year, suspending the acquisition of this reserve in May and June after an 18-month streak of making large purchases.
AFP
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Russia is in this position, with 2,336 tons in reserve.
EFE
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Fourth place is occupied by France, with 2,437 tonnes.
AFP
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Italy is in third place, with 1,452 tonnes in reserve.
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Second place goes to Germany, with 3,351 tonnes reserved.
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The first place is occupied by the United States, the country that, despite not buying gold since 2006, has managed to have 8,133 tons of gold in reserve.
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Colombia’s gold reserves.
According to the World Gold Council list, the national territory is ranked 80th with a total of 4.6 tons in its reserves.
