Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

The 10 Countries Sitting On The Biggest Piles Of Gold

Mamta BadkarMar 16, 2013, 15:41 IST

Reuters/Nicky LohCentral banks have been diversifying their foreign reserves to include gold.

Global central banks bought 534.6 metric tons of gold last year.

The World Gold Council reports that official global gold holdings increased to 31,671.4 tonnes as of March.

We pulled the numbers on the 10 biggest official reserves.

Note: CBGA refers to the Central Bank Gold Agreements. The first Agreement (CBGA 1) ran from September 27, 1999 to September 26, 2004. The second Agreement (CBGA 2) ran from September 27, 2004 to September 26, 2009. The third Agreement (CBGA 3) will run for five years from September 2009.