BRICS Nations Control 50% of Global Gold Reserves: Implications for US Dollar Dominance

Source: Livemint | Original Published At: 2025-12-27 08:06:21 UTC

Key Points

• BRICS nations and allied states now control approximately 50% of global gold production through increased mining and central bank purchases
• China and Russia lead with 380 and 340 tonnes of annual production respectively, while Brazil resumed gold purchases in 2025
• Intra-BRICS trade settled in local currencies now accounts for one-third of bloc trade volume, reducing dollar reliance
• Central banks in BRICS countries purchased over 50% of global gold reserves between 2020-2024
• Gold accumulation serves as geopolitical risk management against Western financial infrastructure vulnerabilities