8 Countries with the Largest Gold Reserves in 2023

7. Switzerland 

Gold Reserves In 2023: 1040 metric tons 

Switzerland, a financial epicenter, holds gold reserves valued at $66.1 billion. Managed by the Swiss National Bank, this gold serves as a financial pillar. With minimal mining activities, Switzerland’s role in the gold trade is shaped by its imports, totaling over $80 billion annually, making it the largest gold importer. Switzerland also has some of the world’s most prominent refineries, such as Valcambi, PAMP, Argor-Heraeus, and Metalor. These refineries process a significant portion of the world’s gold, transforming raw gold into investment-grade bullion.