If you're selling gold, Russia's buying

Only Turkey sold gold in any quantity in June, but that came in at less than 2 tonnes. Turkey has reduced its gold reserves by 25 tonnes this year, but the fluctuation can be explained by the fact that the figures from the middle-Eastern nation also include commercial banks' gold holdings.

The People’s Bank of China's addition of 604 tonnes for a total of 1,658 tonnes makes the Asian nation the world’s fifth largest gold hoarder, ahead of Russia.

China is also the world's top gold miner, a position it has held since 2007 when it overtook South Africa, with output of 440 tonnes last year.

Gold still makes up only 1.6% of the country's $3.7 trillion in forex reserves however.

Click "Download" World Gold Holding