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

Source: Gujarati Jagran | Original Published At: 2025-12-27 13:06:00 UTC

Key Points

• BRICS nations (Brazil, Russia, India, China, South Africa) control approximately 50% of global gold reserves through combined holdings and strategic partnerships
• Russia and China lead gold production with 340-380 tons annually, while Brazil resumed gold purchases in 2021 after 4-year hiatus
• Central banks of BRICS countries purchased over 50% of global gold between 2020-2024, indicating coordinated economic strategy
• Increased gold accumulation and reduced sales demonstrate efforts to challenge US dollar's dominance in global trade
• Collective economic actions by BRICS economies (representing 30% of global trade) signal potential shift in international financial systems