Moscow — Three BRICS nations—Brazil, Russia, and China—have collectively purchased 20 tons of gold in September 2025, valued at $2.54 billion. The acquisitions occurred as gold prices surged past $4,000 per ounce, reaching an all‑time high of $4,381 in October before stabilizing at $4,010.
Brazil led the accumulation with 15 tons, followed by Russia with 3 tons and China with 2 tons. In October, India also increased its gold reserves, diversifying its central bank holdings. Analysts note that BRICS members have consistently expanded their gold reserves over the past three years, fueling speculation that the bloc may eventually back its proposed common currency with gold.
However, despite these efforts, BRICS remains far behind the United States in terms of reserves. The US currently holds 8,133 tons of gold, the largest in the world, while Germany follows with 3,350 tons. Combined, BRICS members hold approximately 6,026 tons—still significantly less than the US alone.
From a governance perspective, the purchases highlight BRICS’ strategic intent to hedge against dollar dominance and global financial volatility. Yet, without transparency on whether a gold‑backed currency is truly in development, the move remains symbolic rather than transformative.
The broader implication is clear: gold continues to serve as a geopolitical instrument. For BRICS, accumulation signals ambition to challenge Western monetary influence, but the gap in reserves underscores the enduring supremacy of the US in global financial architecture.
