India and South Africa Lead BRICS Gold Reserves Growth in October 2025
India and South Africa emerged as frontrunners in Gold reserve accumulation among BRICS nations in October 2025, according to the latest central bank data. India's gold holdings reached $102.365 billion, maintaining approximately 880 tonnes, with gains primarily driven by price appreciation rather than new purchases.
South Africa's combined reserves grew from $67.865 billion to $69.364 billion, bolstered by its active participation in BRICS gold acquisitions. The movements reflect strategic diversification efforts across the bloc, though transparency remains limited from other member states.
Market analysts note these developments occur against a backdrop of increasing institutional interest in hard assets. While no direct cryptocurrency correlations were found in this report, the gold accumulation trend mirrors broader macroeconomic hedging strategies observed across traditional and digital asset markets.
