BRICS Countries Hold Half of World’s Gold Reserves: Implications for US Dollar

Source: ABP News | Original Published At: 2025-12-28 06:39:26 UTC

Key Points

• BRICS countries (including new members) collectively hold ~50% of global gold reserves, with Russia and China leading purchases (340/380 tons in 2024)
• Brazil resumed gold purchases in 2025 after 4-year hiatus, indicating renewed BRICS focus on reserve diversification
• Experts note BRICS central banks acquired over half of global gold purchases between 2020-2024, challenging dollar dominance
• Dual strategy involves increasing domestic gold production while reducing sales to international markets
• Analysts suggest this reflects BRICS' long-term goal to establish alternative reserve currencies and reduce dollar dependency