Thailand's Gold Reserves Rise Dramatically on Global Gold Rankings
In a surprising turn of events, Thailand has significantly increased its gold reserves, securing the 22nd position among the world's top gold holders. This strategic pivot to gold as a 'safe-haven asset' has been facilitated by the Bank of Thailand (BOT) and has put Thailand on the radar of global economic observers.
According to a report released by the World Gold Council in September 2025, Thailand's gold reserves now stand at 244.2 tonnes. This increase has been attributed to the global economic uncertainty, which has made gold a sought-after asset in times of high volatility and geopolitical tension.
The United States continues to hold the number one position in global gold reserves with a staggering 8,133.5 tonnes of gold. Germany follows closely with 3,352.6 tonnes, holding the second position, but with an amount less than half of that held by the United States.
The top 10 list of countries with the most gold reserves remains largely unchanged, with Germany, Italy (2,451.8 tonnes), France (2,437.0 tonnes), and the Netherlands (612.5 tonnes) maintaining their positions. However, China has moved up the ranks to claim the third spot with 2,262.4 tonnes of gold.
India, a country known for its rich history with gold, holds 822.1 tonnes, while Japan's reserves stand at 846.0 tonnes. Switzerland and Russia round off the top 10 with 1,040.0 tonnes and 2,332.7 tonnes of gold respectively.
It is worth noting that the report does not specify which countries have experienced a decrease in their gold reserves or a drop in their rankings. Moreover, it does not provide information about the gold reserves of countries currently holding positions 25 and below in the global gold reserves rankings, nor does it provide information about the gold reserves of any countries not included in the rankings.
Thailand's gold reserves constitute 7.3% of the country's total international reserves. This strategic move has been met with surprise by many in the country, as Thailand's gold reserves were previously much lower. The increased reserves have solidified Thailand's position as a significant player in the global gold market.
The continued prioritization of gold accumulation by central banks around the world underscores the importance of gold as a 'safe-haven asset' in times of economic uncertainty. As such, it is expected that more countries will follow Thailand's lead in increasing their gold reserves.
With this strategic move, Thailand has undoubtedly put itself on the map as a country to watch in the global gold market. The increased reserves have not only boosted the country's economic standing but have also attracted the attention of global economic observers. It will be interesting to see how Thailand's gold reserves continue to evolve in the coming years.
