In the world market, gold is approaching 5 thousand dollars per ounce, setting a new record. Against this backdrop, countries with large gold reserves earn millions of dollars from daily price increases.
Modern.az reports that, according to current data from the “World Gold Council” and central banks, Azerbaijan ranks 25th in the global gold reserves ranking.
According to the ranking, Azerbaijan is in 25th place with 185 tons of gold reserves. Turkey, on the other hand, is in 10th place on the list with 641 tons of gold reserves. Among Turkic states, Uzbekistan is 15th with 361 tons, and Kazakhstan is 16th with 324 tons.
Among countries without gold reserves are Armenia, Canada, and Moldova.
According to the list, the United States is considered the country with the largest gold reserves in the world, and its gold reserves reach 8 thousand 133 tons kilograms. Germany, ranking second, possesses 3 thousand 350 tons of gold reserves. Italy, in third place, has gold reserves totaling 2 thousand 452 tons. France, in fourth place, holds a prominent position on the list with 2 thousand 437 tons of gold reserves. China, ranking fifth, possesses 2 thousand 304 tons of gold reserves.
Russia, in sixth place, has gold reserves of 2 thousand 330 tons. Switzerland, ranking seventh, stands out with 1 thousand 40 tons of gold reserves. India, in eighth place, has gold reserves totaling 880 tons. Japan, ranking ninth, possesses 846 tons of gold reserves.
It should be noted that the ranking is based on official data disclosed by the central banks of countries and reflects the role of gold reserves in terms of financial stability.
