The top spot on the list is taken by United States, which has 8133.53 metric tons of gold reserves as of June 2019.
Experts suggest that Gold and Silver prices are likely to remain volatile ahead of the outcome of the US Fed meeting and the likely range could be 37,800-38,200.
Gold prices rose more than 1% early Monday before settling 0.6% up for the day after a weekend attack on oil facilities in Saudi Arabia inflamed worries over stability in the Middle East.
Experts suggest that geopolitical tensions, weakness in rupee and expectations of Fed rate cut will continue to support bullion prices in near future.
According to Angel Commodities, last week, spot gold prices declined marginally by 0.1 percent as the appeal for Gold faded away after easing of global slowdown worries.
In the international market, spot gold was 1.2 percent higher at $1,506.87 per ounce, and on track to mark its biggest one-day percentage gain since Aug. 23
IT companies receive more than 50 percent of total revenue from US. The Nifty IT index was a top gainer and rose more than 35 percent last year.
According to Angel Commodities, on Thursday, spot gold prices rose marginally by 0.09 percent to close at $1497.3 per ounce.
On MCX, October gold futures traded 0.20 percent lower at around Rs 37,675 per 10 gram, down Rs 75. It has fallen more than Rs 2000 from last week's highs of Rs 39,885.
Moneycontrol's Shraddha Sharma does a 3-Point Analysis on why you should increase allocation of the yellow metal in your portfolio.
Financial experts advice a buy on dips strategy and feel investors should wait for the rally to cool before making further investments
Bond yields climbed and world stocks rose for a sixth straight day, ahead of monetary policy decisions by the European Central Bank on Thursday, when the bank is widely expected to cut interest rates.
According to Angel Commodities, on Monday, spot gold prices dipped lower by about 0.9 percent to close at $1485.5 per ounce.
As of 9:44 am IST, spot gold was up 0.3 percent at $1,490.09 per ounce
MCX Gold closed at 39,740 last week. It is not very often that we see such a steep rise in precious metal and it only indicates a strong trend is underway.
A peculiar pattern of gradual recovery post sharp decline is observed within the index as the broader structure continues to be rangebound since 28th August.
'The jewellery industry is passing through a recession due to low demand. Thousands of skilled artisans are staring at the prospects of losing jobs,' Vice-Chairman of the council, Shankar Sen, said.
As a safe haven investment option, silver-backed ETFs have become more attractive to investors
The index has formed a Hammer candlestick pattern on the weekly charts which indicates a bullish bias and is likely to test the neckline of 11,100-11,150 zone.
Gold futures in India, the biggest bullion consumer after China, were trading around 38,504 rupees per 10 grams on Friday, easing from a record high 39,885 rupees touched on Wednesday.
Traders now await the monthly US payrolls report due at 1230 GMT for the next snapshot on the labour market's health.
Analysts said the fall in gold prices was mainly due to trimming of positions by participants.
At the MCX, gold prices for delivery in October fell by Rs 326, or 0.82 percent, to Rs 39,497 pe 10 gram in a business turnover of 1,798 lots.
At the MCX, gold for delivery in October was trading lower by Rs 43, or 0.11 percent, to Rs 39,637 per 10 gram in a business turnover of 3,221 lots.
The gold/silver ratio stands at 80.16 to 1, which means it takes 80.16 gram of silver to purchase 1 gram of gold.