Catenaa, Monday, November 10, 2025- Brazil, Russia, and China collectively bought nearly 20 tons of gold in September, valued at $2.54 billion, as global gold prices soared to record highs, according to market data cited by Watcher Guru.
The purchases came as the XAU/USD index approached $3,900, with prices later climbing beyond $4,000 in October to reach a new all-time high of $4,381 before stabilizing near $4,010.
The acquisitions highlight the bloc’s continued push to strengthen reserves amid growing economic diversification efforts.
Brazil led the buying spree with 15 tons, followed by Russia with 3 tons and China with 2 tons, signaling sustained demand for the metal despite its elevated cost.
In October, India also ramped up purchases, expanding its central bank reserves.
Analysts say BRICS members have been steadily increasing their gold holdings over the past three years, fueling speculation that the group could eventually anchor its proposed common currency to gold. Officials, however, have not confirmed any such plan.
Despite the surge, BRICS nations remain far behind the United States in total gold reserves.
The US holds 8,133 tons, while Germany ranks second with 3,350 tons. Combined, BRICS countries hold about 6,026 tons, a fraction of the US stockpile.
