More than 17 percent of global gold reserves currently belong to the BRICS countries. In 2019, the figure was 11.2 percent.
Advertisement/Advertising - This article is distributed on behalf of Fortuna Mining Corp. and Gold X2 Mining Inc., with which SRC swiss resource capital AG maintains paid IR advisory agreements. Publisher: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: April 22, 2026, 15:45 p.m. ·
The BRICS countries originally included Brazil, India, China, Russia, and South Africa. Egypt, Ethiopia, the United Arab Emirates, Saudi Arabia, Argentina, and Iran were added later. Today, the BRICS countries account for a significant portion of global GDP and the world’s population. China and India alone make up more than a third of the world’s total population. The BRICS countries see themselves as an alternative to the Western-dominated global economic system.
Since 2019, the concentration of gold reserves among the BRICS nations has risen sharply, while U.S. dollar reserves have fallen. In total, more than 40 central banks purchased gold in 2025, led by Russia, China, India, Poland, and Turkey, regardless of price. Between 2020 and 2024, the central banks of the BRICS countries accounted for more than 50 percent of global gold purchases.
Worldwide, central banks hold over 36,500 tons of gold (as of January 2026, World Gold Council). New gold buyers could join the ranks in 2026. Recent buyers included Indonesia, Malaysia, and Guatemala. A survey by the World Gold Council yielded new record results: 43 percent of the central banks surveyed intend to increase their gold reserves. And 73 percent expect the dollar’s share of currency reserves to decline further in the coming years. Saudi Arabia is an interesting case, with gold reserves accounting for just 2.6 percent of its total reserves of more than $500 billion. This suggests that significant amounts of gold could still be purchased from various central banks.
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Current company information and press releases from Gold X2 Mining (- https://www.resource-capital.ch/en/companies/gold-x2-mining-inc/ -) and Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-corp/ -).
Further information is also available in our new Precious Metals Report at the following link: https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-04/
Sources: Gold X2 Mining, Fortuna Mining,
https://www.kitco.com/news/article/2026-04-07/shift-dollar-reserves-gold-not-prediction-trend-and-brics-demand-could?utm_source=site_navigation&utm_medium=sidebar_link&utm_campaign=trending_news&utm_term=gold_ab_sidebar_news;
https://www.gold.de/goldreserven;
https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-04/
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