Saudi Gold Reserve: It is very important to have gold reserves to maintain the economic stability of any country. When the country goes through an economic recession, then only the country’s gold comes in handy. Every such country always maintains its gold reserves. Saudi Arabia also has a lot of gold, in February 2024, Saudi Arabia’s gold reserves were recorded at about 432.934 million dollars.
Saudi Arabia had gold worth $432.945 million in January 2024, hence at present there has been a slight decrease in the gold reserves of Saudi Arabia. According to Forbes report, Saudi has 323.07 tonnes of gold. Although Saudi Arabia is at 16th place in the list of largest gold holders in the world, but 323 tonnes of gold is still a lot. Saudi Arabia gold reserve data is updated every month. From December 1957 to February 2024, Saudi had an average of $201.600 million worth of gold.
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India’s gold reserves are also strong
Saudi had the highest gold worth 433.067 million dollars in December 2012. Whereas in December 1957, Saudi had the least amount of gold worth 15.995 million dollars. CEIC has shared this information in its report. According to Forbes report, India is far ahead of countries like Saudi Arabia, Britain and Spain in terms of gold reserves. In the latest report of Forbes, India is at 9th place in the world in terms of gold reserves, while Saudi Arabia is at 16th place.
Saudi is ahead of Britain in terms of gold
America has the highest gold in the world, 8,133.46 tonnes, while India has 800.78 tonnes. Saudi has 323.07 tonnes of gold. Britain has less gold than Saudi. Britain’s gold reserves are 310.29 tonnes. All countries always try to strengthen their gold reserves, because this comes in handy in difficult times. In times of economic recession, the government works to move the country forward by selling gold.
Top 10 countries in the world in terms of gold reserves-
- America – 8,133.46 tonnes
- Germany- 3,352.65 tonnes
- Italy- 2,451.84 tonnes
- France – 2,436.88 tonnes
- Russia – 2,332.74 tonnes
- China- 2,191.53 tonnes
- Switzerland- 1,040.00 tonnes
- Japan- 845.97 tonnes
- India- 800.78 tonnes
- Netherlands- 612.45 tonnes
