BRICS Nations Pivot to Gold: Reducing Dollar Dependence, Boosting Reserves
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BRICS Nations Ditch Dollar for Gold, Amassing Global Reserves
C
CNBC Awaaz•28-12-2025, 08:10
BRICS Nations Ditch Dollar for Gold, Amassing Global Reserves
•BRICS countries are rapidly reducing reliance on the US dollar, shifting towards gold.
•They currently hold approximately 20% of global gold reserves, potentially influencing 50% with strategically linked nations.
•Russia and China are leading in gold production, with China producing 380 tons and Russia 340 tons in 2024.
•Brazil made its first gold purchase since 2021, buying 16 tons in September 2025.
•BRICS nations employ a dual strategy: increasing gold production and actively purchasing from the international market, acquiring over 50% of global gold purchases by central banks between 2020-2024.
Why It Matters: BRICS nations are strategically increasing gold reserves and production, signaling a major shift away from the US dollar.
