- The central banks of BRICS countries purchased 663 metric tonnes of Gold within the first nine months of 2025.
- The total value of these gold acquisitions is nearly $91 billion, despite high gold prices.
- BRICS plans to support their upcoming currency with gold to reduce market volatility.
- As of Q3 2025, the BRICS bloc collectively holds 6,026 tonnes of gold, while the United States possesses 8,133 tonnes.
- Russia and China lead BRICS gold reserves, with 2,336 and 2,298 tonnes respectively.
The central banks of the BRICS countries—Brazil, Russia, India, China, and South Africa—have cumulatively acquired 663 metric tonnes of gold during the first three quarters of 2025. This purchase is valued at close to $91 billion and occurred even as gold prices reached record highs. The move is part of a strategic effort to back their forthcoming currency with gold to reduce exposure to market fluctuations, according to the World Gold Council.
Central banks often use gold as a hedge against inflation and economic uncertainty. As a widely trusted asset, demand for gold tends to remain steady even in volatile market conditions.
Historically, the U.S. dollar has been the primary reserve currency for the BRICS nations. However, these countries are shifting towards holding more gold as part of diversifying their reserves. This trend has contributed to gold prices reaching $4,339 per ounce recently.
By the end of the third quarter of 2025, the BRICS alliance’s total gold reserves stood at 6,026 tonnes. This remains below the United States, which holds 8,133 tonnes. For context, Germany possesses 3,352 tonnes, and Italy holds 2,452 tonnes of gold.
Within BRICS, Russia leads gold reserves with 2,336 tonnes, closely followed by China with 2,298 tonnes. India holds 880 tonnes, while Brazil recently increased its holdings to 145.1 tonnes.
The increase in gold purchasing by BRICS began in 2022 following sanctions on Russia due to its military actions in Ukraine. These geopolitical developments have accelerated efforts toward “de-dollarization,” where countries reduce reliance on the U.S. dollar in international finance, making gold an important alternative reserve asset.
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