India among top 10 nations in gold reserves

India has surpassed the Netherlands to move into the list of top10 countries in terms of total gold reserves. According to the World Gold Council, India has gold reserves totalling 618.2 tonnes, which is marginally higher than the Netherlands’ reserves of 612.5 tonnes.

According to the World Gold Council, the U.S. leads the country list with total gold reserves of 8,133.5 tonnes followed by Germany with 3,366.8 tonnes.  In terms of individual countries, India actually ranks 9th since the International Monetary Fund (IMF) occupies the third position after the U.S. and Germany.

Source: The Hindu