Value of Reserves: $24.58 billion
Holdings Total: 614.58 tons
Shooting up in the rankings in the past year is India. The second most populous nation in the world maintains the eleventh largest gold reserves. The size of India's holdings were bolstered in November 2009 by a $6.9 billion purchase of 200 tons of gold from the IMF.
The Reserve Bank of India oversees the country's 614.58 tons of gold, which are valued at $24.58 billion, comprising 6.9% of its foreign reserves. India's current ranking may also continue to move upwards, as the government has asked the Geological Survey of India to mine the previously untapped gold reserves in many of its states.