The "best" gold is defined by purity, the quality of its refining process, and the reputation of its mints, rather than a specific country of origin. However, several countries are recognized as global leaders in producing and processing high-quality gold that meets or exceeds international standards.
Complete Global Gold Production Rankings (2023)
Dubai, UAE
Undoubtedly, Dubai is the best country to buy gold jewellery in the world. Lower tax rates and a competitive market keep prices cheaper in Dubai than in most places. The price of one gram of 24k gold is around AED 245 in Dubai (as of July 2024).
One of the reasons for a cheaper gold rate in Dubai is zero GST (goods and services tax) on bullion and gold jewellery, while India imposes 3% GST on gold. Apart from this, Dubai jewellery stores charge a reasonable manufacturing cost, which makes 24K gold in Dubai approximately 5% to 7% cheaper than in India.
Pure gold is notated as 24K – this is the highest karat level for gold meaning it is 100% pure gold. 18K gold is 75% purity level, 14K is 58.3% purity level, and 10K is 41.7% purity level.
The United States of America has the largest gold reserves in the world. It holds 8,133.46 metric tonnes of gold, closely equal to the combined reserves of the next three largest gold-holding countries, namely Germany, Italy, and France.
About 244,000 metric tons of gold has been discovered to date (187,000 metric tons historically produced plus current underground reserves of 57,000 metric tons). Most of that gold has come from just three countries: China, Australia, and South Africa. The United States ranked fourth in gold production in 2016.
Indian Households Hold the World's Largest Private Gold Reserve 🇮🇳 📌Indian households own 25,488 tonnes of gold 🥇, making them the world's largest private holders of gold reserves.
Price Stability is an Added Advantage
This is proved since centuries and gold has always been the preferred choice for investors due to its price stability. You can check the gold rate today from any source and keep a track of it for many days.
Gold. 999.999—six nines fine: The purest gold ever produced. Refined by the Perth Mint in 1957. 999.99—five nines fine: The purest type of gold in production; the Royal Canadian Mint regularly produces commemorative coins in this fineness, including the world's largest, at 100 kg.
China Holds the Top Spot
China has been the world's leading gold producer for over a decade. In 2024, it produced 380 tonnes, up just 8% from 351 tonnes in 2010. Despite the modest growth, its dominance reflects long-term investments in domestic mining and refining infrastructure.
Italy: The Pinnacle of Luxury
Italy is often regarded as one of the top contenders for the title of which country jewelry is best. Renowned for its luxurious gold jewelry, Italy offers: Exquisite Craftsmanship: Italian jewelry is celebrated for its intricate designs and high-quality craftsmanship.
Most of the world's gold is stored underground in vaults. The New York Federal Reserve Bank has the largest gold vault in the world, with approximately 7,000 tons of gold stored in its underground facilities.
The United States is the clear winner with the largest gold reserves. As of 2025, it is estimated that the country holds more than 8,100 tons of gold; Most of it is stored in secure vaults at places like Fort Knox. The enormous amount of gold reserves also supports the current strong global position of the US dollar.
Among the top sources, countries like Switzerland are known for their exceptional refining processes that produce gold with extremely high purity levels, often reaching 99.99 percent.
24-Karat Gold
Its bright yellow color is not common in the U.S. or other western countries. However, it's very popular in China, India, and other Asian countries. Appearance: 24k gold is an extremely bright yellow.
Read on to learn about the top 10 gold reserves by country.
The WGC estimates that there are 54,000 tonnes of “below-ground gold reserves” waiting to be mined. These below-ground reserves account for less than 30 percent of what has already been mined. “World gold supplies are difficult to quantify.
If you invested $1,000 in gold 10 years ago (around late 2015/early 2016), your investment would likely be worth significantly more today (late 2025), potentially in the range of $2,000 to over $3,000, reflecting substantial price appreciation, though less than the S&P 500 but outperforming during certain periods of market stress, acting as a hedge against uncertainty, with returns varying based on exact entry/exit points and premiums/spreads.
24K gold is 100% pure gold
24K gold is very soft and may be too soft to be used for jewellery, so it is often used for gold leafing or other decorative purposes. Gold leaf is a very thin sheet of gold that is often used for gilding. Gilding covers an object with a thin layer of gold and contains no impurities.