Photographs: Beawiharta Beawiharta/Reuters
Global central banks bought 157.5 tonnes of gold in the second quarter, up 63 per cent quarter-over-quarter and up 137.9 per cent year-over-year, according to the World Gold Council.
Let's take a look at which countries have the most gold.
Source: Business Insider
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India among 10 countries with most gold reserves
Image: The Brooklyn Bridge and Manhattan Bridge is seen from the 90th storey of One World Trade Center in New York.Photographs: Lucas Jackson/Reuters
The United States
Official gold holdings: 8,133.5 tonnes
Per cent of foreign reserves in gold: 75.4 per cent
Global rank: 1
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India among 10 countries with most gold reserves
Image: People are reflected in a shop window as they walk in Potsdamer Street in Berlin.Photographs: Thomas Peter/Reuters
Germany
Official gold holdings: 3,395.5 tonnes
Per cent of foreign reserves in gold: 72.3 per cent
Global rank: 2
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India among 10 countries with most gold reserves
Image: Tourists walk in front of Rome's ancient Colosseum.Photographs: Alessandro Bianchi/Reuters
Italy
Official gold holdings: 2,451.8 tonnes
Per cent of foreign reserves in gold: N/A
Global rank: 3
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India among 10 countries with most gold reserves
Image: People enjoy the sun as Paris Beach opens along banks of the River Seine in Paris.Photographs: Charles Platiau/Reuters
France
Official gold holdings: 2,435.4 tonnes
Per cent of foreign reserves in gold: 71.7 per cent
Global rank: 4
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India among 10 countries with most gold reserves
Image: Visitors walk through the Lujiazui Financial Area in Shanghai.Photographs: Aly Song/Reuters
China
Official gold holdings: 1,054.1 tonnes
Per cent of foreign reserves in gold: 1.7 per cent
Global rank: 5
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India among 10 countries with most gold reserves
Image: People walk on Zurich's main shopping street Bahnhofstrasse.Photographs: Arnd Wiegmann/Reuters
Switzerland
Official gold holdings: 1,040.1 tonnes
Per cent of foreign reserves in gold: 12.1 per cent
Global rank: 6
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India among 10 countries with most gold reserves
Image: A view of the Metropol hotel in Moscow.Photographs: Maxim Shemetov/Reuters
Russia
Official gold holdings: 936.6 tonnes
Per cent of foreign reserves in gold: 9.6 per cent
Global rank: 7
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India among 10 countries with most gold reserves
Image: Pedestrians walk on the street at Ginza shopping district in Tokyo.Photographs: Kim Kyung Hoon/Reuters
Japan
Official gold holdings: 765.2 tonnes
Per cent of foreign reserves in gold: 3.1 per cent
Global rank: 8
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India among 10 countries with most gold reserves
Image: American tourists visit a Dutch tulip field in Noordwijk.Photographs: Michael Kooren/Reuters
The Netherlands
Official gold holdings: 612.5 tonnes
Per cent of foreign reserves in gold: 60.7 per cent
Global rank: 9
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India among 10 countries with most gold reserves
Image: Shoppers leave a retail store inside a mall in Mumbai.Photographs: Danish Siddiqui/Reuters
India
Official gold holdings: 557.7 tonnes
Per cent of foreign reserves in gold: 9.9 per cent
Global rank: 10
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