8 Countries with the Largest Gold Reserves in 2023

In this brief article, we’ll discuss countries with the most gold and their current reserves. To get more insights into the current gold market patterns, read 20 Countries With The Largest Gold Reserves In 2023.

8. Japan 

Gold Reserves In 2023: 845.97 metric tons 

Japan’s gold reserves, managed by the Bank of Japan, are valued at $52.01 billion. Notably, the country’s Hishikari mine is known for producing high-quality gold. Given limited domestic deposits, Japan mostly imports gold, ranking as the 40th largest importer according to the OEC. Unlike many Asian cultures, gold jewelry is less dominant in Japan. Instead, the Japanese gold market is characterized by demand for gold as an investment, particularly in the form of bars and coins.