BRICS Nations Accelerate Shift from Dollar to Gold Reserves

Source: Times Now | Original Published At: 2025-12-28 07:35:01 UTC

Key Points

• BRICS nations hold 20% of global gold reserves, rising to 50% when including aligned countries
• China and Russia lead with 380/340 tons annual production while Brazil resumes gold purchases
• Central banks from 2020-2024 accounted for over half of global official gold purchases
• Dual strategy of boosting domestic production and limiting exports while buying international reserves
• Shift challenges dollar dominance and signals potential restructuring of global reserve currencies