India Ranks 11th In Gold Holding: WGC Report

India, which is the world’s largest consumer of gold, has the 11th largest gold reserve, with the current holding pegged at 607 tonnes, as per the latest report by the World Gold Council (WGC).

India’s overall position in terms of total gold holding would have been tenth had the list included only countries. Whereas, the International Monetary Fund (IMF) is included and is third on the list with total gold reserves of 2,814 tonnes. The top spot is occupied by the US with gold reserves of 8,133.5 tonnes, followed by Germany with 3,369.7 tonnes.

Source: The Hindu

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