Saturday, October 23, 2010

Gold Reserves and Demand

As per World Gold Council statistics, the world official gold holdings as of September 2010 stands as follows.
#CountryGold Reserves (Tonnes)
1USA8,133.5
2Germany3,402.5
3Italy2,451.8
4France2,435.4
5China1,054.1
6Switzerland1,040.1
7Japan765.2
8Russia726.0
9Netherlands612.5
10India557.7

Please click here to read the entire report on world official gold holdings as of September 2010, released by the World Gold Council.

Please note that the report shows only the gold reserves owned by the governments of these countries and doesn't include the demand for gold jewellery from the people of these countries.

When it comes to the demand for gold for jewellery, India still remains the largest jewellery market in the world, accounting for more than 25% of global gold jewellery demand, which is followed by China. To give an indicative figure for the demand for gold for jewellery, in Q2 2010,

Global gold jewellery demand: 408.7 tonnes
Gold jewellery demand in India: 123.0 tonnes
Gold jewellery demand in China: 75.4 tonnes

Seems the yellow metal's dream run will continue for a long time.

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