<Table> Top 20 according to World Gold Council 's latest rankings ( as of March 2018 ) <Tr> <Th> Rank </Th> <Th> Country / Organization </Th> <Th> Gold holdings ( in tonnes ) </Th> <Th> Gold 's share of forex reserves </Th> </Tr> <Tr> <Td> </Td> <Td> United States </Td> <Td> 8,133.5 </Td> <Td> 75.3 % </Td> </Tr> <Tr> <Td> </Td> <Td> Germany </Td> <Td> 3,373.6 </Td> <Td> 71.0 % </Td> </Tr> <Tr> <Td> </Td> <Td> International Monetary Fund </Td> <Td> 2,814.0 </Td> <Td> N / A </Td> </Tr> <Tr> <Td> </Td> <Td> Italy </Td> <Td> 2,451.8 </Td> <Td> 68.3 % </Td> </Tr> <Tr> <Td> 5 </Td> <Td> France </Td> <Td> 2,436.0 </Td> <Td> 64.6 % </Td> </Tr> <Tr> <Td> 6 </Td> <Td> Russia </Td> <Td> 1,857.7 </Td> <Td> 17.9 % </Td> </Tr> <Tr> <Td> 7 </Td> <Td> China </Td> <Td> 1,842.6 </Td> <Td> 2.4 % </Td> </Tr> <Tr> <Td> 8 </Td> <Td> Switzerland </Td> <Td> 1,040.0 </Td> <Td> 5.5 % </Td> </Tr> <Tr> <Td> 9 </Td> <Td> Japan </Td> <Td> 765.2 </Td> <Td> 2.6 % </Td> </Tr> <Tr> <Td> 10 </Td> <Td> Netherlands </Td> <Td> 612.5 </Td> <Td> 67.5 % </Td> </Tr> <Tr> <Td> 11 </Td> <Td> Turkey </Td> <Td> 582.2 </Td> <Td> 21.9 % </Td> </Tr> <Tr> <Td> 12 </Td> <Td> India </Td> <Td> 558.1 </Td> <Td> 5.8 % </Td> </Tr> <Tr> <Td> 13 </Td> <Td> European Central Bank </Td> <Td> 504.8 </Td> <Td> 28.7 % </Td> </Tr> <Tr> <Td> 14 </Td> <Td> Taiwan </Td> <Td> 423.6 </Td> <Td> 3.9 % </Td> </Tr> <Tr> <Td> 15 </Td> <Td> Portugal </Td> <Td> 382.5 </Td> <Td> 63.6 % </Td> </Tr> <Tr> <Td> 16 </Td> <Td> Saudi Arabia </Td> <Td> 322.9 </Td> <Td> 2.8 % </Td> </Tr> <Tr> <Td> 17 </Td> <Td> United Kingdom </Td> <Td> 310.3 </Td> <Td> 8.6 % </Td> </Tr> <Tr> <Td> 18 </Td> <Td> Kazakhstan </Td> <Td> 303.0 </Td> <Td> 41.3 % </Td> </Tr> <Tr> <Td> 19 </Td> <Td> Lebanon </Td> <Td> 286.8 </Td> <Td> 22.2 % </Td> </Tr> <Tr> <Td> 20 </Td> <Td> Spain </Td> <Td> 281.6 </Td> <Td> 17.3 % </Td> </Tr> </Table>
where is most of the worlds gold held
United States