5 Countries with Most Gold Reserves in 2024

3. Italy

Gold Reserves in Q4 2023: 2,452 metric tons

Italy possesses the third-largest gold reserves in the world, amounting to 2,452 metric tons. The Italian central bank, Banca d’Italia, manages Italy’s gold reserves. Despite its historical involvement in gold mining activities, Italy has transitioned primarily to gold imports to meet its demand, given the decline in domestic production. As of February 24, 2024, Italy’s gold reserves are valued at $163.84 billion.