- India‘s Gold reserves reached approximately $102.4 billion by early October 2025, mainly due to price increases rather than new purchases.
- South Africa increased its combined reserves from $67.9 billion to $69.4 billion in October 2025, with stable gold tonnage but overall growth in reserves.
- Brazil acquired nearly 16 tonnes of gold in September 2025, marking its first increase since 2021, bringing total gold holdings to 145 tonnes.
- The People’s Bank of China purchased only 1 tonne of gold during the same period, the slowest since their buying spree began in 2022.
- BRICS countries are diversifying reserves with growing gold holdings as part of a strategic effort to reduce dependency on the U.S. dollar.
In October 2025, data on BRICS nations’ gold reserves showed that India held gold valued at about $102.4 billion, maintaining roughly 880 tonnes. The increase reflected rising gold prices rather than additional acquisitions. Meanwhile, South Africa raised its total reserves from $67.9 billion to $69.4 billion, holding approximately 125.47 tonnes of gold in the third quarter, consistent with earlier figures.
The South African Reserve Bank’s head of financial markets, Zafar Parker, explained that South Africa remains a significant gold holder due to its status as a major gold producer. While the total reserves grew by about $1.5 billion in October, the specific details on gold tonnage changes were not publicly disclosed.
Brazil increased its reserves by nearly 16 tonnes in September. According to Krishan Gopaul, a Senior Analyst at the World Gold Council, central bank demand has driven gold prices above $4,000 an ounce. Brazil’s holdings now total 145 tonnes. In contrast, the People’s Bank of China bought only 1 tonne during that time, marking the slowest purchase rate since their spree started in 2022, excluding a six-month pause in 2024. Central banks overall have purchased close to 1,000 tonnes annually for three straight years despite rising prices.
This trend aligns with efforts to diversify reserves away from the dollar. Robert Gottlieb, former Managing Director at JPMorgan and HSBC, stated that countries are shifting toward gold because it is not a fiat currency and is independent of any country’s credit or faith, responding to the end of globalization.
Current BRICS gold data indicates that India and South Africa are the leading nations in central bank gold reserve accumulation based on available public records, although detailed October purchase data for Russia, China, and Brazil remains limited.
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