- The BRICS nations’ Gold reserves are reaching historic levels amid recent discoveries in China and India.
- China found a potential world-largest gold deposit in Hunan Province, estimated at about 1,100 tonnes.
- India’s recent gold discoveries also bolster BRICS’ growing gold holdings, though exact figures remain undisclosed.
- Gold prices surged, reaching $2,700 per ounce following the announcements and recently hitting $4,000 per fine ounce.
- Central banks within BRICS are accumulating gold to reduce reliance on the US dollar and protect against currency devaluation.
The BRICS countries are seeing a significant rise in their combined gold reserves due to major new gold deposits discovered in China and India. These discoveries are strengthening the group’s position in global commodity markets during 2025.
China announced a major gold find in Hunan Province, with geological surveys indicating around 1,100 tonnes of gold. This deposit has an estimated concentration of 138 grams of gold per metric ton of ore. Industry analysts value this discovery at about $83 billion, surpassing South Africa’s South Deep gold mine, which was previously among the largest globally. The announcement coincided with gold prices rising to $2,700 per ounce.
Chen Rulin, an ore prospecting expert at Hunan’s Geological Bureau, stated, “Many drilled rock cores showed visible gold.” Liu Yongjun, vice head of the bureau, added that additional gold ore found around the main site could increase the total reserves beyond initial estimates.
India’s recent gold finds also contribute to BRICS’ growing reserves, though officials have not yet disclosed specific quantities. Market analysts see India’s timing alongside China’s discovery as a boost to the bloc’s collective gold strength.
Professor Adrian Saville from the Gordon Institute of Business Science explained, “It’s not that gold is worth more; it’s that the dollar is worth less. When you’re looking at the price of commodities, it’s tempting to imagine that it’s the commodity that is actually becoming more valuable. That’s not really the case.”
BRICS nations like Russia, China, and India are increasing gold accumulation to hedge against currency devaluation and reduce dependence on the US dollar. China currently produces about 10% of the world’s gold but imports three times more than it mines. The new Hunan discovery is expected to lower China’s import needs and impact international trade flows.
Combined, these discoveries add significantly to the historic 233,000 tonnes of gold mined worldwide. Gold prices have recently reached $4,000 per fine ounce. BRICS’ focus on physical gold over fiat currency underscores their strategic shift toward assets with tangible value amid concerns about the long-term stability of paper money.
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