BRICS Nations Accelerate Gold Accumulation, Challenging US Dollar Dominance
BRICS central banks have collectively acquired approximately 870 tonnes of Gold between 2020 and 2025, marking a historic shift in global reserve strategies. China led the bloc with 370 tonnes, including a record 225-tonne purchase in 2023—its largest single-year acquisition in five decades. India followed with 250 tonnes, while Russia added 225 tonnes despite reporting gaps.
The coordinated accumulation reflects a deliberate de-dollarization strategy among emerging economies. Central banks worldwide have now exceeded 1,000 tonnes in annual gold purchases for three consecutive years, with 2025 seeing 1,045 tonnes acquired globally. This sustained demand underscores growing institutional preference for hard assets over fiat currencies.