BRICS are rapidly strengthening their gold reserves. In just a few years, their share of global stocks has increased significantly, reflecting a change in strategic orientation. This movement takes place in a context of questioning the role of the dollar in the international monetary system. Behind these acquisitions, a trend is confirmed: several large economies are seeking to reduce their dependence on the greenback. This development could permanently modify the balance of financial powers.
In brief
- BRICS are rapidly strengthening their gold reserves, reaching 17.4% of global stocks.
- This accumulation is part of a diversification strategy against the dollar.
- Russia, China and India concentrate most of the bloc's reserves.
- Large emerging economies are seeking to reduce their dependence on the dollar-dominated financial system.
BRICS massively strengthens its gold reserves
As the petrodollar falters, the numbers reveal a rapid increase in BRICS gold reservesnow estimated at more than 6,000 tonnes. This accumulation represents “17.4% of global central bank reserves”compared to 11.2% in 2019, confirming the rapid rise of the block on the international gold market. At the same time, central banks have acquired “1,045 tonnes of gold in 2024”crossing the threshold of 1,000 tonnes for the third consecutive year.
This dynamic is largely based on a concentration of reserves between a few major players. Russia and China have emerged as the pillars of this strategy, accumulating an overwhelming share of the bloc's stocks. India is also joining this trajectory, gradually strengthening its positions.
- Russia: 2,335.85 tonnes;
- China: 2,298.53 tonnes;
- India: 879.98 tonnes;
- Russia and China: 74% of BRICS gold reserves.
These levels confirm a coordinated strategy around gold, used as a central reserve asset by several economies in the group.
An accelerated dynamic driven by dedollarization
Beyond the cumulative volumes, the pace of acquisition confirms a recent acceleration. Over the first nine months of 2025, BRICS bought 663 tonnes of gold, the equivalent of around $91 billion according to data from the World Gold Council. This sustained pace reflects a strategic repositioning in the face of monetary uncertainties and geopolitical tensions.
Such accumulation is part of a movement to question the dollar in international trade. The phenomenon is described as “one of the most significant monetary changes in decades”illustrating a gradual transition towards a system where gold regains a central place as a reserve asset. The erosion of the petrodollar acts as a catalyst here, pushing several economies to reduce their exposure to the American currency.
In the long term, this trajectory could accelerate the emergence of a multipolar financial system, where the diversification of reserves becomes a strategic priority. Between physical gold, local currencies and alternative assets, the choices made by the BRICS could lastingly influence global monetary policies and reshape the balance of economic power.
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