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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66 comments:

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Navsingh from Financial Technology said...

How you calculate the gold price?

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மனசு... said...

as the author says, Perhaps the other government has lot of gold in reserve, but when it comes to India people own lot of gold which is more than the government. No country ever could beat us :-)

Finance Train said...

This is world ranking, and India being at 10th position is a great thing. But USA is way ahead of everyone else.

Thanks for these statistics.

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zam said...

But I believe gold reserves for US will be reduce rapidly. There have really critical economics constraint right now

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Juvic Delos Santos said...

thanks for the the information..by the way, where did you get this fact??

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Gold prices are just climbing on, but I think it will come down shortly> what do you think?

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Great piece of info on gold. How about diamonds?
can you please keep us updated on this?

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Gold... Will it be the next bubble?

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I'm a fan of your finance blog. This post is quite a shocking to me. The USA has the biggest gold holdings which means that we really are rich. But there are millions of homeless people out there. Can't we use perhaps a part of this gold and help the poor?

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