- The central banks of Brazil, Russia, and China bought nearly 20 tons of Gold in September 2025, valued at approximately $2.5 billion.
- Gold prices rose significantly, crossing the $4,000 mark in October and reaching an all-time high of $4,381 per ounce.
- Brazil purchased 15 tons, Russia 3 tons, and China 2 tons during this period.
- India increased its gold reserves in October, diversifying its central bank holdings.
- The combined gold reserves of the top eight BRICS countries total about 6,026 tons, still less than the United States’ 8,133 tons.
In September 2025, the central banks of Brazil, Russia, and China collectively acquired nearly 20 tons of gold, spending around $2.5 billion despite rising prices. This accumulation occurred as the XAU/USD index approached the $3,900 level. By October, gold prices surpassed $4,000, peaking at a record $4,381 before settling near $4,010 per ounce, according to gold price data.
The breakdown of purchases saw Brazil adding 15 tons, Russia 3 tons, and China 2 tons to their reserves. During October, India also increased its gold holdings and diversified its central bank reserves. The ongoing gold buying trend among BRICS nations has lasted over three years. Speculation exists that the alliance might back a future currency with gold, although no official confirmation has been made.
For comparison, the United States holds the largest official gold reserves, totaling 8,133 tons. Germany ranks second with 3,350 tons. The combined reserves of the eight leading BRICS countries amount to about 6,026 tons. These figures represent individual national holdings and not collective BRICS assets. Thus, the US remains the dominant holder of gold reserves worldwide.
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