Archive · 12 Dec 2025
BRICS Nations Increase Gold Reserves Amid Dollar Shift
The BRICS countries, which include Brazil, Russia, India, China, and South Africa, have been buying a lot more gold.
They've increased their gold reserves by 102% since 2020.
This is because their central banks are buying more gold and the price of gold has gone up.
On the other hand, Western countries have only increased their gold reserves by 12% in the same time.
Their increase is mostly because the price of gold has gone up, not because they're buying more gold.
The BRICS countries are doing this to move away from using the US dollar for their reserves.
BRICS nations have increased their gold reserves by 102% since 2020.
Western countries have seen a 12% increase in gold reserves in the same period.
BRICS' increase is due to central bank gold buying and rising gold prices.
Western countries' increase is primarily due to price appreciation, not new gold purchases.
This shift indicates a move by BRICS nations away from US-dollar-denominated reserves.
- Who
- BRICS nations (Brazil, Russia, India, China, South Africa) and Western countries
- What
- Increase in gold reserves by BRICS nations and minimal increase by Western countries
- When
- Since 2020
- Where
- Globally, with a focus on BRICS and Western nations
- Why
- BRICS nations are shifting away from US-dollar-denominated reserves, while Western countries' increase is mainly due to price appreciation
- BRICS Nations
- Brazil, Russia, India, China, South Africa
- Gold Reserve Increase
- 102% since 2020
- Western Nations Increase
- 12% since 2020
- Primary Factor for BRICS
- Central bank gold buying spree and price rise
- Primary Factor for West
- Price appreciation rather than new tonnage