Gold Rush vs Dollar Power: The BRICS-West Split Explained

Source: Times Now | Original Published At: 2025-12-12 05:19:27 UTC

Key Points

• BRICS countries increased gold's share in reserves by 102% (2020-Q3 2025), driven by central bank purchases and geopolitical considerations
• China, India, and Russia added significant gold tonnage (2,304t, 880t, and 2,330t respectively)
• Western economies saw only 12% growth in gold reserve share, primarily from price appreciation rather than new purchases
• Shift reflects BRICS' strategic de-dollarization efforts and potential for alternative settlement systems
• RBI's gold acquisition linked to dollar volatility mitigation and financial stability goals