Russia is among the five countries with the largest gold reserves

According to the Central Bank, as of March 1, the value of the Russian gold reserve was a record $217.4 billion. In addition, on this date, the 25-year record share of gold in gold reserves was updated at 34.4%. The figure was above this level only on November 1, 1999 - 39.7%. According to the Central Banks, the Federal Reserve Bank of St. Louis, the International Monetary Fund, as well as the World Bank and the World Gold Council, the United States has the largest reserves of the metal in December 2024 (8.13 thousand tons). The second place in the ranking of countries with the largest gold reserves is Germany (3.35% of thousand tons), Italy (2.45 thousand tons), France (2.44 thousand tons), Russia (2.34 thousand tons) closes the top five. Next are China with 2.28,000 tons of gold, Switzerland (1.04 thousand tons), India (0.88 thousand tons), Japan (0.85 thousand tons) and the Netherlands (0.61 thousand tons). According to experts of the Swiss financial holding UBS, this year the central banks of various countries will continue to stock up on gold, and the volume of its purchase will reach 900 tons.

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