US holds the maximum gold reserves in the world. At the end of Dec 2009 the US has 8113.5 metric tons of gold in its foreign reserves. 68.7% of America’s foreign reserves are in the form of gold – highest by any country in the world. China on the other hand holds a mere 1.5% of its reserves in Gold. It is a big fan of green back and holds close to $2.5 trillion in foreign exchange, most of it in USD. In spite of being a big fan of gold, India has 557.7 metric tons of gold which is 6.4% of India’s total foreign reserves. Most of India’s reserves are in USD. India bought 200 metric tons of gold in November. IMF is planning to sell some more gold to raise money. And India is ready to buy some of it. Quite a turnaround from where India was 19 years ago. US, Germany, Italy and France hold more than 60% of their foreign reserves in Gold. Top 10 Nations by Gold reserves : Country Dec-09 Mar-09 % of reserves United ...
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gold reserve by country
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