Where does Pakistan rank in the list Gold possession
Gold continues to be considered the foundation of economic security globally, Central banks around the world use it as a hedge against currency fluctuations and as an important component of foreign exchange reserves.
According to recent data from Trading Economics, the United States continues to lead the gold reserves, with approximately 8,133 tons of gold. The major economies of Europe and Asia follow in this list, with Germany holding about 3,362 tons, Italy holding 3,350 tons, and France holding 2,452 tons of gold.
Russia and China are not far behind; they also have significant reserves, with Russia holding 2,327 tons and China holding 2,306 tons of gold. Other major gold-holding countries include Switzerland with 1,040 tons, India with 880 tons, and Japan with 846 tons.
Emerging economies such as Turkey and the Netherlands come in tenth and eleventh on this list, with about 614 and 612 tons of gold, respectively. On the other hand, there are some countries that have very limited gold reserves, with many countries in Africa, Asia, and Europe having gold reserves of less than one ton.
Saudi Arabia is 18th on this list with 323 tons of gold, while the United Arab Emirates is 44th with 74.26 tons of gold reserves. Armenia officially has zero tons of gold, Kenya has 0.02 tons, Fiji has 0.03 tons and Uruguay has 0.1 tons of gold, which shows the limited ability to rely on gold as a financial security.
Pakistan’s position in the global ranking is relatively middle, but it cannot be ignored. With about 64.77 tons of gold reserves, Pakistan ranks 48th globally, it is considered a middle tier country. Although Pakistan’s reserves are significantly lower than those of major economies, they are higher than those of many small or emerging countries, providing a moderate cushion for economic stability.
According to experts, gold reserves are an important indicator of a country’s financial strength during times of global economic uncertainty. Pakistan’s reserves, while limited compared to major global economies, play a meaningful role in the country’s fiscal policy and exchange rate strategy.
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