World's biggest gold reserves

Gold has remained one of the most sought after assets in the world. Even in times of economic uncertainty, gold continues to be a safe bet for investors.

A gold reserve is held by a central bank or nation as a valuable resource and as a guarantee to redeem promises to pay depositors, note holders or to secure a currency.

The world's consumption of new gold is about 50 per cent in jewellery, 40 per cent in investments and 10 per cent in industry.

1. United States
Gold reserves: 8133.5 tonnes
The United States owns the world's largest gold reserves.
Gold constitutes 74.7 per cent of the nation's foreign exchange reserves.

2. Germany
Gold reserves: 3,401.0 tonnes
In Germany, gold forms 71.7 per cent of the foreign exchange reserves.

3. IMF
Gold reserves 2,814.0 tonnes
The International Monetary Fund ranks third in terms of gold reserves.

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4. Italy
Gold reserves: 2,451.8 tonnes
Gold reserves form 71.4 per cent of the total foreign exchange reserves in Italy.

5. France
Gold reserves; 2,435.4 tonnes
France ranks fifth with gold constituting 66.1 per cent of its total forex reserves.

6. China
Gold reserves: 1,054.1 tonnes
China, set to overtake India as the world's largest gold consumer is ranked 6th in the world.
Gold forms 1.6 per cent of the country's forex reserves.

7. Switzerland
Gold reserves: 1,040.1 tonnes
Gold constitutes 17.6 per cent of the total forex in Switzerland.

8. Russia
Gold reserves: 830.5 tonnes
Gold forms 7.8 per cent of the total forex in Russia.

9. Japan
Gold reserves: 765.2 tonnes
Gold forms 3.3 per cent of the total foreign exchange reserves in Japan.

10. The Netherlands
Gold reserves: 612.5 tonnes
Gold constitutes 59.4 per cent of the total foreign exchange reserves in The Netherlands.

11. India
Gold reserves: 557.7 tonnes
India, the world's largest consumer of gold ranks 11th in terms of gold reserves. Gold constitutes 8.7 per cent of the total forex reserves.