Whenever it comes to investment, most people prefer to invest in gold. But do you know who owns the most gold in India? Today we will tell you which country has the most gold in the world.
How much gold do Indian families have?
Let us tell you that most of the gold It has been transferred from generation to generation. Apart from this, there is also a tradition of giving gold in Indian families on various auspicious occasions like marriage. Women have been receiving gold as inheritance for centuries. According to estimates, Indian families have about 25000 tonnes (about 22679618 kg) of gold. Somasundaram, Director of World Gold Council India, says that according to a study of 2020-21, Indian families had 21-23000 tonnes of gold. But now in 2023 it has almost increased to between 24-25000 tonnes i.e. more than 25 million kg. This is so much gold that it is around 40 percent of India’s total GDP. According to an Oxford report, Indian families alone own 11 percent of the world’s gold. This is more than the total gold reserves of America, Switzerland, Germany and IMF.
After India, the Saudi royal family is the owner of the most gold. According to a report by Global Bullion Supplier, the Saudi royal family bought gold extensively with the oil earnings in the 1920s and became the owner of hundreds of tons of gold. However, the Saudi royal family never disclosed clearly how much gold they have. American investor John Paulson is at third place in this list. According to media reports, Paulson has invested heavily in gold. When gold prices were low, he had bought several tons of gold. Between 2011 and 2013, when the price of gold was skyrocketing, Pakistan had earned 5 billion dollars from gold.
Which government has the most gold? < /p>
Governments of different countries in the world have kept gold in reserve. America is on top in this list. According to the report of Economy and Market, America has 8133.5 metric tons of gold reserve. 75 percent of its foreign reserves are in the form of gold. Germany’s name comes at second place. Who has 3359.1 metric tons of gold. According to the Oxford report, in recent years the people of Germany have invested rapidly in gold. If we look at the global list of gold buyers, the Germans are at the top. Italy is at third place in terms of gold reserves, they have 2451.8 metric tons of gold. After this comes France (2436.4 metric tons), Russia (2298.5 metric tons), China (2113.4 metric tons), Switzerland (1040 metric tons) and Japan (846 metric tons). >How much gold reserve does India have?
India is at ninth position in the world in terms of gold reserve. India has 806.7 metric tons of gold. According to a report of the World Gold Council, India’s gold reserves are continuously increasing and if this pace continues, it can be included in the top 5 in a few years. Let us tell you that in the year 2001, India had only 357.5 metric tons of gold, which has increased by more than 2 times by June 2023.
