As traditional financial instrument, every central bank prefers having huge gold reserve as it helps to manage market risk, improve portfolio performance and preserve national wealth. Based on latest data from the World Gold Council, here are the top 10 countries that have most gold reserve.
A saleswoman arranges 22-carat gold necklaces at Forever Precious Jewellery and Diamonds Ltd. in Ahmedabad, India. [File photo] |
No 10 India
Official gold reserve: 557.7 tons
Its gold reserve accounts for 7.3 percent of its foreign exchange reserves.
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