Countries Buying the Most Gold (2013-2023)

What we’re showing

The top ten countries by 10-year gold reserve change (tonnes). The change reflects EOY 2013-2023. The World Gold Council compiled these figures.

Key Takeaway

• Central banks, particularly those of Russia and China, have bought gold at the fastest pace as countries seek to diversify their reserves away from the dollar.

Why Gold?

• Central banks hold gold reserves due to their safety, liquidity, and return characteristics. They are significant owners of gold, accounting for approximately a fifth of all the gold mined throughout history.