China: China has overtaken Russia to become the world’s fifth-largest gold-holding country, with reported gold reserves of 2,410 tonnes. According to financial platform The Kobeissi Letter, only the United States, Germany, Italy and France rank ahead of China in terms of official gold holdings.
The reported figures place China close to France and Italy. France holds approximately 2,437 tonnes of gold, while Italy has around 2,452 tonnes. China is therefore about 27 tonnes behind France and 42 tonnes behind Italy, based on these figures.
The United States remains in first place globally, followed by Germany. China’s position reflects the significant size of its official gold reserves, although it remains some distance behind the leading countries.
India ranks eighth in the reported list. Its gold reserves are considerably lower than China’s, with China holding approximately three times as much gold, according to the figures cited in the report.
Gold is an important component of a country’s official reserves. Central banks hold it alongside foreign currencies and other reserve assets to diversify their holdings and support financial stability. Changes in official gold reserves are closely monitored by financial markets because they can reflect broader reserve-management strategies.
However, gold-reserve rankings can vary depending on the reporting date and the source used. The figures should therefore be understood in the context of the cited report rather than as independently verified live totals.
