By Admin 
BRICS Countries: BRICS- is a group of several countries, which includes Brazil, Russia, India, China and South Africa. Recently Egypt, Ethiopia, United Arab Emirates, Indonesia, Iran also joined the BRICS group. It was formed as a group of rapidly growing economies in the world to promote trade and political cooperation among them. Now these countries are trying to reduce their dependence on the US dollar and for this, emphasis is being laid on rapidly increasing the gold reserve.
The situation is that today BRICS countries have about 20 percent of the world’s total gold reserves. At the same time, there are some countries which are not among the member countries of BRICS, but have strong relations with BRICS. Together they have 50 percent of the world’s total gold reserves.
BRICS countries are increasing their purchase of gold
Russia and China are at the forefront in purchasing gold. In 2024, China produced 380 tonnes of gold, while Russia produced 340 tonnes of gold. In this sequence, in September 2025, Brazil bought 16 tonnes of gold, which was its first gold purchase after 2021.
Talking on this, Anuj Gupta, Director of Ya Wealth, said, “BRICS member countries are producing more and more gold and selling less. At the same time, they are also buying gold from the international market. According to the current data, between 2020 and 2024, the central banks of BRICS countries bought more than 50 percent of the world’s gold. US President Donald Trump may not like to hear this information.
What is the dual strategy of BRICS?
Explaining BRICS’ dual strategy on gold, Sachin Jasuja, Equity Head and Founding Partner, Centricity Wealthtech, said, “The increasing control over gold reserves and gold purchases by BRICS countries is emerging as an important indicator of tension in the global financial system dominated by the US dollar. Although the US dollar remains the world’s main reserve currency, recent developments show that its unrivaled supremacy is being challenged gradually rather than suddenly.”
Today the economies of BRICS countries account for about 30 percent of global trade. In such a situation, their monetary decisions also impact the world. These countries have had only one objective for a long time – to reduce their dependence on the US dollar. Actually, BRICS countries want to end the dominance of dollar and want to make the new currency powerful in their sphere of influence. However, Trump has given a stern warning to the BRICS countries to find an alternative to the dollar.
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