Which Countries That Added The Most To Their Gold Reserves From 2015 to 2024
Which Countries That Added The Most To Their Gold Reserves From 2015 to 2024: Here’s an overview of the top 10 countries that added the most to their gold reserves from 2015 to 2024. This table represents cumulative data, showing the countries with the largest gold acquisitions based on central bank reports and data from the World Gold Council.
| Country | Gold Reserves Added (Tonnes) | Notable Periods of Increase | Total Reserves (Tonnes, 2024) |
|---|---|---|---|
| China | 1,548 | 2022-2023 | 2,222 |
| Russia | 1,445 | 2015-2022 | 2,356 |
| Turkey | 450 | 2019-2023 | 838 |
| India | 375 | 2019-2023 | 790 |
| Poland | 125 | 2018-2021 | 281 |
| Uzbekistan | 110 | 2019-2023 | 384 |
| Kazakhstan | 98 | 2015-2023 | 378 |
| Qatar | 78 | 2020-2023 | 93 |
| Saudi Arabia | 62 | 2018-2023 | 323 |
| UAE | 55 | 2021-2023 | 74 |
Between 2015 and 2024, central banks globally increased their gold reserves, largely as a hedge against global economic uncertainties and inflation. China and Russia led the way, with China notably ramping up purchases in recent years as part of its broader economic strategy to diversify away from the U.S. dollar and strengthen the yuan. Turkey, another top gold buyer, uses gold to bolster its currency amid economic pressures.
These countries have leveraged gold as a strategic asset to stabilize their financial systems and support their currencies during periods of geopolitical and economic fluctuations.
Sources: World Gold Council
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